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Homestead 50
 	Community  Development District	

www.homestead50cdd.com

Alex Aguirre, Chairman Ravi Latchman, Vice Chairman
Jerry Aguirre, Assistant Secretary Karl Albertson, Assistant Secretary

June 11, 2020

Gove rnmental
Management Services

Homestead 50
Community Development District

5385 N. Nob Hill Road, Sunrise, Florida 33351 Phone: 954-721-8681 - Fax: 954-721-9202
June 4, 2020
Board of Supervisors Homestead 50
Community Development District
Dear Board Members:
A communications media technology meeting of the Board of Supervisors of the Homestead 50 Community Development District will be held on June 11, 2020 at 10:00 a.m. In accordance with Office of the Governor, Executive Orders authorizing the use of communications media technology, the Board of Supervisors and members of the public may attend and participate in the meeting utilizing the following call-in information: from your computer, tablet or smartphone go to: https://global.gotomeeting.com/join/446648861 or by dialing 1 (872) 240-3212 and Access Code: 446-648-861#. Following is the advance agenda:
1.	Roll Call
2.	Organizational Matters
A Consideration of Appointment of Supervisor to Unexpired Term of Office (GE Seat #1 - 11/2022)
B.	Oath of Office for Newly Appointed Supervisor
C.	Election of Officers
3.	Approval of Minutes of the December 12, 2019 Meeting
4.	Consideration of Resolution #2020-01 Approving the Proposed Fiscal Year 2021 Budget and Setting the Public Hearing
5.	
I

Ratification of Agreement for Access to Certain Exempt Information  Maintained  by  Miami-Dade  County Property Appraiser	I
6.	Acceptance of Audit for Fiscal Year Ending September 30, 2019	I
7.	Discussion of General Election Procedures
8.	Staff Reports
A Attorney
B.	Engineer
C.	Manager
1)	Number of Registered Voters in the District - 348
2)	Discussion of Financial Disclosure Report from the Commission on Ethics and Reminder to File Annual Form
9.	Financial Reports
A Approval of Check Register
B. Balance Sheet and Income Statement
10.	Supervisors Requests and Audience Comments
11.	Adjournment
Meetings are open to the public and may be continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://www.homestead50cdd.com

MINUTES OF MEETING HOMESTEAD 50
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Homestead 50 Community Development District was held on Thursday, December 12, 2019 at 10:00
a.m.	at the offices of Southern Homes, 9900 S.W. 107th Avenue, Suite 103, Miami, Florida.

Present and constituting a quorum were:

Alex Aguirre Ravi Latchman Jerry Aguirre

Chairman Vice Chairman
Assistant Secretary

Also present were:

Luis Hernandez Ginger Wald

District Manager District Counsel

FIRST ORDER OF BUSINESS	Roll Call
Mr. Hernandez called the roll and stated we have a quorum.

SECOND  ORDER OF BUSINESS	Organizational Matters
A.	Ratification of Actions taken at June 13, 2019 Meeting
Mr. Hernandez: As part of the organizational matters, the first part that we need to do is take a motion from the Board ratifying any actions that were taken at the June 13, 2019 meeting, for that I'm just asking for a motion.

On MOTION by Mr. Latchman seconded by Mr. Alex Aguirre with all in favor, ratifying actions taken at the June 13, 2019 meeting was approved.

December 12, 2019	Homestead 50 COD

B.	Acceptance of Resignation Letter from Ms. Maria Saiz
Mr. Hernandez: The next step that we need to do is accept the resignation of Ms. Maria Saiz. Part of the problem that we're having with Maria's seat is that it's exclusively needed to be a general election seat, meaning that we can only appoint someone who resides within in the District and for that reason Maria cannot serve on this Board. With that explanation being said, a motion to accept the resignation from Maria would be in order.

On MOTION by Mr. Jerry Aguirre seconded by Mr. Latchman with all in favor, accepting the resignation of Ms. Maria Saiz was approved.

C.	Consideration of Appointment of Supervisors to Unexpired Term of Office (GE Seat #1 - 11/2022)
D.	Election of Officers
Mr. Hernandez: Does the Board have anyone who resides in the District that you would like to appoint for the vacant seat?
Mr. Jerry Aguirre: No.
Mr. Hernandez: If not, we can just table the rest of that item.

THIRD ORDER OF BUSINESS	Approval of Minutes of the
June 13, 2019 Meeting
Mr. Hernandez: Moving on, we have approval of the minutes of June 13, 2019 Meeting. At this point I would be asking for any corrections, additions or deletions. If there is none, a motion to approve the minutes would be in order.

On MOTION by Mr. Latchman seconded by Mr. Alex Aguirre with all in favor, the Minutes of the June 13, 2019 Meeting were approved.

December 12, 2019	Homestead 50 CDD

FOURTH ORDER OF BUSINESS	Ratification	of	Engagement

i

Letter	with		Grau		& Associates	to	perform	the	: Audit for Fiscal Year Ending September 30, 2019
Mr. Hernandez: The next item that we have is ratification of the engagement letter with Grau and Associates to perform the audit for fiscal year ending on September 30, 2019. This is the company that was selected not only by the Board of Supervisors but also by the audit selection committee. So, unless anyone has any questions, a motion to ratify the engagement letter would be in order.

On MOTION by Mr. Latchman seconded by Mr. Alex Aguirre with all in favor, ratifying the engagement letter with Grau & Associates to perform the audit for Fiscal Year ending September 30, 2019 was approved.

FIFTH ORDER OF BUSINESS

Discussion	of Improvements,

District's
Current

Mr. Hernandez:	The last item, and the

Conditions and Engineers Report
one that is of concern, I have just

received a recent report from our District engineer. I have not personally seen it but, part of the concern and just let me bring everybody up to speed. The District has been dealing for the last 4 or 5 years with all the District's improvements which have not been finalized as of yet. The developers were originally the ones who established the District, but all of them have gone. The District has ensured to have a completion agreement recorded, and a lien on the property, they are responsible for that obligation, make them aware of it. A year and a half or two the Board asked to contact the owner of Santa Barbara, and as of this point it is the District's understanding that there is a transaction taking place between a developer, being Lennar Homes and the current landowner, and part of the concern is to ensure that whatever is pending to be constructed from the COD gets to be done. The rest of the improvements that need to be made as part of the engineers report has already been finalized, meaning that everything that was pending on Ventanas has been finished, and what this one tells us is what would be any

December 12, 2019	Homestead 50 CDD

pending costs, in Ventanas there is nothing, in Mowry Drive, as per what the District engineer knows, it appears that it may be potentially $50,000 estimated to be funded or not. Once again, we're just starting to define the document of what is pending so that the District can go ahead and confirm that in fact that is still pending, or if it has been finalized. As when it comes to Santa Barbara, they come to define what would be the total  cost  of  the  missing  improvements  that  as  of  this  point  it  quantifies  it  to be
$205,000. So, based on the engineer's report that Mr. Ballbe is presenting to the Board, the COD would be $75,205 from the private side of the development. So, with that understanding, I think that it would be appropriate, and Ginger please allow me to word it in a way that it will be consistent with the legal powers of the District, it will be in the best interest of Homestead 50 COD to ensure that the pending to finalize the District improvements in the amount of, based on the report, $75,000 will be either constructed and passed on to the District, or funded so that the District will be able to come and finish it. Now, here the asphalt, he's presenting them as owner funded, so it's a responsibility of the owner.
Ms. Wald: These numbers aren't right.
Mr. Alex Aguirre: Well, because you have some that are COD funded.
Mr. Hernandez: If you added it altogether it would come out to be $280,000.
Ms. Wald: No, but he's saying total COD fund is $75,000, and I don't think that's
right.
Mr. Hernandez: No, it would be $105,000.
Ms. Wald: Is $105,000 just for Santa Barbara? Mr. Hernandez: Yes.
Ms. Wald: So, these numbers are wrong.
Mr. Hernandez: The numbers are right, what is wrong is the total as presented. Ms. Wald: Well, that's what I'm saying, the addition isn't correct.
Mr. Hernandez: Ok. Now, based on the purpose of the meeting, what I need to
get would be direction from the Board to clearly define what the total is, and authorize the District and District staff to ensure that the current owner, or the new owner, is going to either be responsible for finalizing the construction or providing the funds to the District to be able to finalize as per this estimate.

December 12, 2019	Homestead 50 COD

Mr. Jerry Aguirre: We haven't notified the owner yet of this?

Mr. Hernandez: He knows, we sent him a letter a year and a half ago and as part of the transaction the District even sent them again a letter with the estimates of time. Part of what I haven't done is checked what was being said by Carlos at the time, and what he's presented us today.
Ms. Wald: And let me go back a little for the record as to the history. On July 7, 2016 I sent a letter to the manager and registered agent of SE Homestead LLC that was listed as the owner of the property of Santa Barbara.
Mr. Jerry Aguirre: Ok, how do we protect this, the letter was sent and now the transaction gets sold?
Ms. Wald: So, we had in place, and part of the letter that I sent and provided that report to Carlos at that time, which was a few years old as he mentioned in this updated report we just received. There was also a copy of the acquisition agreement between Homestead 50 Community Development District and Santa Barbara Townhomes of Homestead which of course no longer own it. That was recorded in the public records of Miami-Dade County, so it was running with the land.
Mr. Jerry Aguirre: So, it should come out on the title.
Ms. Wald: Yes, and it would come up on title. Our position is the work needs to be completed by the developer and then it would be obtained by the District. The District was attempting at that time for enforcement of that agreement, number one, at that time just advising the new owner because the owner bought it from the bank from the foreclosure, explaining this is in place, these are the improvements that are still required to be completed, and this is the estimated cost from the District engineer, what are your plans. At that time we basically heard nothing, and I would state according to my notes on November 15th of this year, I received a phone call from that representative, RM Lamar, asking some questions in regards to that letter that I sent back in 2016, informing me that they were entering into negotiations .with a buyer, the buyer named Lennar, as was stated by Luis, and that they were looking to see what the requirements still were that needed to be completed. What I explained to him at that time was we would need to get an updated engineer's report to see if they have changed and I talked to Luis about that and then Luis had contacted Carlos, and we

December 12, 2019	Homestead 50 CDD

would provide that information to them. also was contacted ,by Pedro Hernandez, attorney for Lennar, asking some more questions, in regard to that explained the same thing that Luis was in contact with Carlos Ballbe to get the update for the improvements because it hadn't been done in a while, that we would provide that information to both the present owner and the potential buyer. Along with that there were discussions as Luis has stated as to what still needed completed to be done on behalf of the COD for COD improvements. If they're not done by the property owner, the COD can go ahead, and we've discussed this before, and complete the COD improvements. The problem that we have is funding, so the COD cannot budget for that for this fiscal year, so we don't have those funds. So, if the property owner, whether it is going to be the new buyer potentially, or the current property owner, wishes the COD to proceed forward with that, and wishes to fully fund it, then the COD, if it chooses to do so, if you folks choose to do so, can go ahead and make those improvements happen as long as the funding is there. The other option the COD always has, as I said that we discussed in the past, is we can go ahead for the next fiscal year and have the budget changed so those special assessments are raised on the Santa Barbara Townhomes, on those lots, so those improvements can be done once those monies are received, so those are the options for the COD.
Mr. Hernandez: The first intent for having this meeting is to protect the District, that's the first part. The second part is that it needs to be clear for everybody that the portion that is already finished will not be paid for any of the cost of what is pending. The part of Ventanas has already been constructed, it has been finished.
Mr. Alex Aguirre: Even any legal costs and all that, Ventanas will not be affected, the engineer reports and all of that?
Mr. Hernandez: All that will be just limited exclusively, there may be some portions like the cost for Ginger and my company, and some of the costs of Carlos will be covered as part of the District's administrative expenses, therefore it's likely that it's not a portion of this report is paid as part of operation and maintenance, but the bulk of the cost which is the improvements itself will be exclusively paid by Santa Barbara.
Mr. Jerry Aguirre: Right, but if the issue is this being 13 years after the down cycle, the question is the bucket going to pass to another one, Lennar is a great

December 12, 2019	Homestead 50 CDD

company but if Lennar can avoid this issue, we don't want anything pending. So, what can we do to try to enforce it now and let them come with an action plan because otherwise all the land, then talk to the new owner, we don't want to be chasing anyone anymore?
Mr. Hernandez: And I think that what I'm asking the Board to give is to give the power to staff to go and finalize conversations with both, the seller and the buyer, to ensure that the pending costs for the improvements are defined as to how it's going to be financed as part of the transaction.
Mr. Jerry Aguirre: Ok, so if you can do that.
Mr. Hernandez: Some portion will be done by me, other portions will have to be done by her and another portion may be done by Carlos, and that's when I'm saying staff, I'm referring to the three groups to be able to put together an effort.
Mr. Jerry Aguirre: And we can give them a notice that it's got to be done within a time period to get this done?
Ms. Wald: Well, they know it has to be done.
Mr. Jerry Aguirre: I know but the date is on that letter.
Ms. Wald: Yes, but what are we going to do? The options of the District are, we can go ahead and do it ourselves and make a special assessment on the property which they ultimately pay. Getting the developer to do it, we're going to enter into litigation to spend a lot of money where we can just do it anyway?
Mr. Alex Aguirre: Is there a better way of making a special assessment on the vacant property, and not affect the rest of the Santa Barbara homeowners?
Ms. Wald: It's got to be all of Santa Barbara. Mr. Alex Aguirre: Ok.
Mr. Jerry Aguirre: It's a difficult situation, you're going to be affecting people that bought houses that don't understand what this is.
Mr. Hernandez: As of this point everything is owned by only one entity, there is no private homeowners, that's what I've been told. The 42 units hasn't been finalized, there are 42 units that have been built, they're vertical and they're being rented but as of yet everything is being owned by only one entity, that's what I've been told. I haven't been part of it.

December 12, 2019	Homestead 50 CDD

Mr. Jerry Aguirre: Ok, maybe there's a handful of other owners, well if that's the case, the action will be we need to, you guys can come up with a plan to pay, and include it in the budget.
Ms. Wald: That's right.
Mr. Jerry Aguirre: And that's what's going to be done, that's a topic of conversation you need to have.
Ms. Wald: I've actually told both of those representatives that the COD can do that at any time.
Mr. Hernandez: Yes.
Ms. Wald: As soon as the COD approves it, if they choose not to move for this, or fund this.
Mr. Jerry Aguirre: Ok, you guys go ahead and move forward with what you need to do, and see if we can wrap it up.
Mr. Alex Aguirre: Right, and the question that I have is would there be a short period of timeframe because if you're saying the majority of the townhomes that are vertical are owned by the buyer, let's say there's a handful of those and those are going to get affected but to pass on this cost for 30 year timetable or 25 years to homeowners that are buying this.
Ms. Wald: It's not going to be 25 or 30 years, this would have to be money that we would have to put on their assessment, not on the debt, it would be on the O&M side.
Mr. Alex Aguirre: So that would be like within one year you collect that. Mr. Hernandez: Correct.
Mr. Alex Aguirre: Ok, I was just saying for an extended period of time if they go sell the units within the next 24 months, and pass the buck.
Mr. Hernandez: And I completely understand your statement and just to word that for the record, the District's intent is not to go after the single property owner who bought a unit not knowing there was some pending obligations, the intent is to have those developers or defined as to be the developers of this property to come and pay the full price of what is pending, so that's part of what we need to do. Ginger if you don't mind wording something that will allow us to finalize this?

December 12, 2019	Homestead 50 CDD

Ms. Wald: Yes.
Mr. Hernandez: We could send them an invoice today.
Ms. Wald: Well, we just got this and I think the first thing we have to do is to have Carlos Ballbe to amend his, as we have stated on the record there's some calculation errors to amend this updated report to change these calculation errors and with that it would be direction to District staff to forward this to the property owner and also the potential buyer, Lennar, so they have these updated numbers, which it's a public record that we're going to send to them anyway, and then state the Board has stated on the record that they're looking for this next fiscal year, which will be looking at the proposed budget around April to place these assessments for these completions to be done of these improvements. So, we'd be looking to increase the assessments by whatever that number is, whether it's $105, $110, whatever the number is, and then put them on notice. They come back to the District I think what Luis is asking for is direction and the authority to be able to negotiate with either the current seller, property owner, or the potential buyer, Lennar, as to an agreement with the funding so the District would not be having to raise assessments next fiscal year.
Mr. Jerry Aguirre: Ok.
Ms. Wald: So, the first motion would be a motion to accept in substantial final form noting the calculation errors of the updated engineers report.
Mr. Latchman: On Ventanas II we did the final lift of asphalt, he has it that it's not completed yet.
Mr. Hernandez: No, that's Mowry Drive. Mr. Latchman: No, the next page over. Ms. Wald: He hasn't updated those.
Mr. Hernandez: Ok.
Ms. Wald: I think he said, it looks like a little bit of copy and paste, he needs to update this report.
Mr. Hernandez:	Do me a favor, when we finish here, lets you and I talk about this one so that I can ask him to revise the report.
Mr. Latchman: Ok.

December 12, 2019	Homestead 50 CDD

Mr. Hernandez: Part of what is being asked is that we're going to accept in substantial form the report dated December 11, 2019 and since the report will be updated to correct everything, what I will be doing is asking for a motion to accept the report dated December 12th which is today, so that I will have the option to speak with him and get any matters that need to be updated in this report taken care of, but having a final document that will allow us to pass on to the buyer and the seller.

On MOTION by Mr. Jerry Aguirre seconded by Mr. Alex Aguirre with all in favor, accepting the Engineers Report in substantially final form noting the calculation errors was approved.

Ms. Wald: And the next one is really just direction to District staff to proceed forward with providing the information to the current owner and the potential buyer of the updated engineers report when it's received, in its corrected form and then to have the discussions with them in regards to the financing with the completion of the COD improvements in Santa Barbara, and if not to inform them that the Board will probably be looking at raising assessments to get these improvements done for the next fiscal year.

made.

Mr. Alex Aguirre: Ok.
Mr. Hernandez: By saying "so moved" you agree with all the statements she just

Mr. Alex Aguirre: Yes.
Ms. Wald: It's just direction, I don't think you need a motion. Mr. Hernandez: No motion, ok.
Ms. Wald: No, because if anything happens, and let's just talk free supposing, if

it does come down that the seller says, yes, we're going to go ahead and provide the financing, then we're going to have to enter into an agreement. My suggestion would be either an amended agreement from our acquisition agreement or a different funding agreement directed just for these improvements with the seller which of course would be assignable to any buyer.

December 12, 2019	Homestead 50 CDD

Mr. Hernandez: For either of those agreements we need to come back to present those to the Board, or we have the authority?
Ms. Wald: Well, we have the authority to move forward and then what we would do is we would come back, and we have a Board meeting, go ahead and do it, and if not we can do a ratification because I think this Board has already provided the direction to move forward, that the COD wants to complete the improvements versus waiting around for the seller to do it.
Mr. Hernandez: Perfect.
Ms. Wald: That's my understanding from the direction that we've received.
Mr. Hernandez:	And that's correct based on the faces and movements of the Supervisors.
Ms. Wald: The heads being shaken up and down.

SIXTH ORDER OF BUSINESS	Staff Reports
Mr. Hernandez: With that being said, let's move on then to staff reports, Ginger?

A.	Attorney
Ms. Wald: No report.

B.	Engineer
Mr. Hernandez: There is nothing to say from the engineer.

C.	Manager
Mr. Hernandez: Nothing from the manager.

SEVENTH ORDER OF BUSINESS	Financial Reports
A.	Approval of Check Register
B.	Balance Sheet and Income Statement
Mr. Hernandez: Moving on, the next item you have is financial reports. Tab A contains the check register, and tab B has the balance sheet and income statement. Unless anyone has any questions, a motion to approve financials would be in order.

December 12, 2019	Homestead 50 CDD

On MOTION by Mr. Jerry Aguirre seconded by Mr. Latchman with all in favor, the check register, balance sheet and income statement were approved.

EIGHTH ORDER OF BUSINESS	Supervisors   Requests and
Audience Comments
Mr. Hernandez: Are there any Supervisors requests at this time? Not hearing any, I just want to indicate for the record that we have no audience today, so we're not skipping over that item, it's just that we don't have anyone.

NINTH ORDER OF BUSINESS	Adjournment
Mr. Hernandez: Unless anyone has any other District business to discuss, a motion to adjourn would be in order.

On	MOTION	by	Mr.	Jerry	Aguirre	seconded	by	Mr. Latchman with all in favor, the Meeting was adjourned.

Secretary I Assistant Secretary	Chairman / Vice Chairman

Proposed Budget
Fiscal Year 2021

Homestead 50 Community Development District

June 11, 2020

Homestead 50	General Fund
Community Development District

FY2020		Actual	Projected		Total		FY2021 Adopted	through		Next	Projected	Adopted
Description	Budget	 	5/31/2020	4 Months	9/30/2020	Budget	

Revenues		
Maintenance Assessments	$98,784	$95,886	$2,898	$98,784	$98,784	
Interest Income	$0	$2,169	$1,085	$3,254	$0	
Unassigned Fund Balance	$191,712	$250,162	$0	$250,162	$228,852	
Total Revenues	$290,496	$348,217	$3,983	$352,200	$327,636	

Expenditures						
Administrative						
Engineering	$2,500	$300	$2,200	$2,500	$2,500	
Dissemination	$5,000	$3,333	$1,667	$5,000	$5,000	
Assessment Roll	$6,500	$6,500	$0	$6,500	$6,500	
Attorney	$17,500	$4,550	$12,950	$17,500	$17,500	
Annual Audit	$3,200	$3,300	$0	$3,300	$3,400	
Trustee Fees	$3,500	$2,042	$1,458	$3,500	$3,500	
Management Fees	$32,445	$21,630	$10,815	$32,445	$32,445	
Computer Time	$1,000	$667	$333	$1,000	$1,000	
Telephone	$100	$13	$87	$100	$100	
Postage	$250	$103	$147	$250	$250	
Insurance	$6,646	$6,193	$0	$6,193	$6,820	
Printing & Binding	$350	$114	$236	$350	$350	
Legal Advertising	$1,000	$62	$938	$1,000	$1,000	
Other Current Charges	$500	$555	$200	$755	$800	
Website Compliance	$1,000	$667	$333	$1,000	$1,000	
Office Supplies	$250	$21	$230	$250	$250	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Capital Outlay	$250	$0	$250	$250	$250	
First Quarter Operating	$20,135	$0	$20,135	$20,135	$20,135	
Total Administrative	$102,301	$50,224	$51,979	$102,203	$102,975	

Field						
Facility Management	$12,000	$8,000	$4,000	$12,000	$12,000	
Total Field	$12,000	$8,000	$4,000	$12,000	$12,000	

Others Financing Sources/(Uses)						
lnterfund Transfer Out	($9,145)	$0	($9,145)	($9,145)	$0	

Total Other Financing	
 						
Sources/(Uses)	($9,145)	$0	($9,145)	($9,145)	$0	
						
Total Expenditures	$123,446	$58,224	$65,124	$123,348	$114,975	
						
Assigned Fund Balance	$167,050	$289,993	($61,141)	$228,852	$212,661	
			
Tax Bill FY2020	
Tax Bill FY2021		
	Description	Units	Per Unit	Per Unit	Total	
	
Single Family	
117	
$346.61	
$346.61	
$40,553	
	Multi Family	183	$346.61	$346.61	$63,430	
		300			$103,983	

Homestead 50
Community Development District
GENERAL FUND BUDGET

REVENUES:

Maintenance Assessments

The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all the operating expenses for the Fiscal Year in accordance with the adopted budget.

EXPENDITURES:

Administrative:

Engineering Fees

The District's engineer will be providing general engineering services to the District, i.e. attendance  and preparation for monthly board meetings, review invoices, etc.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues. The District is contracted with GMS-SF, LLC for this service.

Assessment Rolf

The costs associated with preparing, processing and administering the annual assessment place on the County's tax roll.

Attorney

The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, resolutions etc.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Per Section 218.39 of the Florida Statues, each special District with total revenues or expenditures in excess of $100,000 OR any special district with revenue or expenses between $50,000 and
$100,000 that has not been subject to a financial audit in the 2 preceding fiscal years must perform an independent annual audit.

Trustee Fees

The District has issued bonds to be held with a Trustee at UMB Bank. The amount of the trustee fees is based on the agreement between the Trustee and the District.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC.

Computer Time

The District processes all its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services - South Florida, LLC.

Homestead 50
Community Development District
GENERAL FUND BUDGET

Administrative: (continued)

Telephone

Telephone and fax machine.

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District's General Liability & Public Officials Liability Insurance policy is with Egis Insurance & Risk Advisors. Egis specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings etc in  a newspaper of general circulation.

Other Current Charges

Bank charges and any other miscellaneous expenses that incurred during the year.

Website Compliance

Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the COD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.

Office Supplies

Miscellaneous office supplies.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Capital Out/av

Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District files.

First Quarter Operating

Represents funds needed for 1st Quarter of the next Fiscal Year, prior to the collection of Maintenance Assessments from the Tax Collector.

Homestead 50
Community Development District
GENERAL FUND BUDGET

Facility Management

The supervision and on-site management of Homestead 50 COD. The responsibilities include reviewing contracts and other maintenance related items.

lnterfund Transfer Out

Represents a transfer of the annual amount to Reserve account to bring account back to the Required funding level per the Trust Indenture.

Homestead 50	Debt Service Fund

	FY2020
Adopted	Actual through	Projected Next	Total Projected	FY2021
Adopted	
Description	Budget	5/31/2020	4 Months	9/30/2020	Budget  		

Revenues						
1
> Carry Forward Surplus	$155,499	$153,283	$0	$153,283	$162,523.95	
Special Assessments	$246,675	$238,875	$7,800	$246,675	$246,675.25	
Interest Income	$1,100	$2,444	$1,222	$3,666	$1,100.00	

Community Development District	Series 2007A, Special Assessment Revenue Bonds_

<

Total Revenues	 	$403,275	$394,602	$9,022	$403,624	 	$410,299 

Expenditures

Interest - 11/1	$80,550	$80,550	$0	$80,550	$78,000	
Interest - 5/1	$80,550	$80,550	$0	$80,550	$78,000	
Principal 5/1	$85,000	$80,000	$0	$80,000	$90,000	
Total Expenditures	 	$246,100	$241,100	$0	$241,100	 	$246,000 	

Others Financing Sources/(Uses)						
2
> Transfer to Reserve	($9,145)	$0	($9,145)	($9,145)	$0	
2
> lnterfund Transfer In	$9,145	$0	$9,145	$9,145	$0	

Total Other Financing	

Sources/(Uses)	 	$0	$0	$0	$0 	 	$0	
EXCESS REVENUES	 	$157,175	$153,502	$9,022	$162,524 	 	$164,299 	
	Interest PaymentA-11/1/21	$	75,300	

Series 2007A

<
<

2

< 1

> Carry Forward Surplus is net of Reserve Fund.
< > Funds needed to replenish the Reserve fund to the Reserve Fund Requirement level
Balance a/o 9/30/15	$	177,555	
Transfer FY16:	$	15,000	
Transfer FY17:	$	15,000	
Transfer FY18:	$	15,000	
Transfer FY19:	$	15,000	
Transfer FY20:	$	9,145	
Total	$	246,700	
 	Reserve Requirement	$	(246,700)	
 	Deficit	$	0 

Description

 	Tax Bill FY2020	Tax Bill FY2021	
Units	Gross Debt	Gross Debt	Total
 	Per Unit	Per Unit	

Single Family	117	$1,042.11	$1,042.11	$121,926.87	
Multi Family	183	$752.63	$752.63	31137,731.29	
	300			$259,658.16	

Homestead 50	Series 2007A, Special Assessment Revenue Bonds Community Development District		Amortization Schedule

DATE	PRINCIPAL BALANCE	
RATE	
INTEREST	
PRINCIPAL	
TOTAL	
						
1-Nov-20	$	2,600,000	6.000%	$	78,000.00	$	$	243,550.00	
1-Ma -21	$	2,600,000	6.000%	$	78,000.00	$	90,000.00		
1-Nov-21	$	2,510,000	6.000%	$	75,300.00	$	$	243,300.00	
1-May-22	$	2,510,000	6.000%	$	75,300.00	$	95,000.00		
1-Nov-22	$	2,415,000	6.000%	$	72,450.00	$	$	242,750.00	
1-May-23	$	2,415,000	6.000%	$	72,450.00	$	100,000.00		
1-Nov-23	$	2,315,000	6.000%	$	69,450.00	$	$	241,900.00	
1-May-24	$	2,315,000	6.000%	$	69,450.00	$	110,000.00		
1-Nov-24	$	2,205,000	6.000%	$	66,150.00	$	$	245,600.00	
1-May-25	$	2,205,000	6.000%	$	66,150.00	$	115,000.00		
1-Nov-25	$	2,090,000	6.000%	$	62,700.00	$	$	243,850.00	
1-May-26	$	2,090,000	6.000%	$	62,700.00	$	125,000.00		
1-Nov-26	$	1,965,000	6.000%	$	58,950.00	$	$	246,650.00	
1-May-27	$	1,965,000	6.000%	$	58,950.00	$	130,000.00		
1-Nov-27	$	1,835,000	6.000%	$	55,050.00	$	$	244,000.00	
1-May-28	$	1,835,000	6.000%	$	55,050.00	$	140,000.00		
1-Nov-28	$	1,695,000	6.000%	$	50,850.00	$	$	245,900.00	
1-May-29	$	1,695,000	6.000%	$	50,850.00	$	145,000.00		
1-Nov-29	$	1,550,000	6.000%	$	46,500.00	$	$	242,350.00	
1-May-30	$	1,550,000	6.000%	$	46,500.00	$	155,000.00		
1-Nov-30	$	1,395,000	6.000%	$	41,850.00	$	$	243,350.00	
1-May-31	$	1,395,000	6.000%	$	41,850.00	$	165,000.00		
1-Nov-31	$	1,230,000	6.000%	$	36,900.00	$	$	243,750.00	
1-May-32	$	1,230,000	6.000%	$	36,900.00	$	175,000.00		
1-Nov-32	$	1,055,000	6.000%	$	31,650.00	$	$	243,550.00	
1-May-33	$	1,055,000	6.000%	$	31,650.00	$	185,000.00		
1-Nov-33	$	870,000	6.000%	$	26,100.00	$	$	242,750.00	
1-May-34	$	870,000	6.000%	$	26,100.00	$	200,000.00		
1-Nov-34	$	670,000	6.000%	$	20,100.00	$	$	246,200.00	
1-May-35	$	670,000	6.000%	$	20,100.00	$	210,000.00		
1-Nov-35	$	460,000	6.000%	$	13,800.00	$	$	243,900.00	
1-May-36	$	460,000	6.000%	$	13,800.00	$	225,000.00		
1-Nov-36	$	235,000	6.000%	$	7,050.00	$	$	245,850.00	
1-May-37	$	235,000	6.000%	$	7,050.00	$	235,000.00	$	242,050.00	
		Total	$	3,976,575.00	$	3,395,000.00	$	4,391,250.00	

RESOLUTION 2020-01
A RESOLUTION OF THE HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT APPROVING  THE  DISTRICT'S PROPOSED BUDGET FOR FISCAL YEAR 2021 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW
WHEREAS, the District Manager has prepared the proposed budget for the Fiscal Year
2021;and

WHEREAS, the Board of Supervisors approves the proposed budget for purpose of submitting said budget to the local governing authorities not less than 60 days prior to the public hearing date in accordance with Chapter 190.00S(b), Florida Statutes: and
WHEREAS, the Board of Supervisors desires to set the public hearing date;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT:
1.	The proposed budget for Fiscal Year 2021 is hereby approved for the purpose of conducting a public hearing to adopt said budget.

2.	A public hearing on said approved budget is hereby declared and set for the following date, hour and place:

Date:	 Hour:	 Place:      	

Notice of public hearing shall be published in accordance with Florida Law.

Adopted this 	day of--- 2020

ChairmanNice Chairman

Secretary/Assistant Secretary

AGREEMENT FOR ACCESS TO CERTAIN EXEMPT INFORMATION MAINTAINED BY THE MIAMI-DADE COUNTY PROPERTY APPRAISER

THIS	AGREEMENT MAINTAINED		BY	THE

TO	ACCESS.	CERTAIN MIAMI-DADE		COUNTY

EXEMPT	INFORMATION PROPERTY

APPRAISER (AGREEMENT), made and entered into this  	

day of  	

, 20_, by

and between the Homestead 50 Community Development District (hereinafter referred to as the "CDD") and the MIAMI-DADE COUNTY PROPERTY APPRAISER,
(hereinafter referred as the "Property Appraiser").

WITNESS ETH

WHEREAS, the CDD is an independent special purpose unit of local government that helps plan, finance, construct, operate and maintain infrastructure and services for the benefit of its residents,

WHEREAS, the CDD may finance infrastructure and services by levying ad valorem taxes or non-ad valorem assessments,

WHEREAS, the CDD has requested access to certain records maintained by the Property Appraiser relating to specific property owners, including name, home addresses, telephone numbers, dates of birth, and photographs, which are exempt from public disclosure under section
119.071 of the Florida Statutes ("Exempt Information"),
WHEREAS, under section 119.071 of the Florida Statutes, "home addresses" includes the physical address, mailing address, street address, parcel identification number, plot identification number, legal property description, neighborhood name and lot number, GPS coordinates, and any other descriptive property information that may reveal the home address,
WHEREAS, the CDD shall only request Exempt Information when there is a statutory or official need for the Exempt Information,
WHEREAS, the CDD shall take full responsibility for protecting all Exempt Information provided pursuant to this agreement in accordance with Florida law,

NOW, THEREFORE, in consideration of the covenants herein provided, the CDD and the Property Appraiser agree as follows:

1.	The foregoing recitals are incorporated herein.

2.	Before the CDD requests any Exempt Information from the Property Appraiser, the CDD shall establish sufficient safeguards to ensure that Exempt Information will not be disclosed, whether intentionally or inadvertently, by the CDD or any of its agents or employees, except as authorized by Florida law.

3.	The CDD shall only use Exempt Information to fulfill the official administration, duties, and responsibilities of the CDD and such Exempt Information may not be disclosed or shared for any other purpose other than as prescribed by Florida law.
1.	

4.	When in receipt of Exempt Information from the Property Appraiser, the CDD acknowledges that its employees, successors, and authorized agents are subject to the same requirements exempting such records from public disclosure and the same penalties for violation of those requirements as the Property Appraiser. The CDD accepts full responsibility for the actions of its employees, successors, and authorized agents with regards to the Exempt Information, unless otherwise provided by Florida law and subject to the limitations of section 768.28, Florida Statutes, to the extent applicable.

5.	To the extent allowed by, and subject to the limitations of, section 768.28 of the Florida Statutes, if applicable, the CDD does hereby agree to indemnify and hold the Property Appraiser, its officials, employees, and instrumentalities, harmless from any and all liability for any damage, injury, or claim that may arise by virtue of the Property Appraiser's disclosure of the Exempt Information to the CDD, or the exercise of any rights, obligations or actions under this Agreement, including, but not limited to, the CDD's failure to maintain the Exempt Information in accordance with Florida law.

6.	The undersigned further agrees that these conditions shall be deemed a continuing obligation between the CDD and the Property Appraiser and shall remain in full force and effect and be binding on the CDD, and any permitted successors or assigns.

7.	

In the event that the CDD requests any third party to assume any of its responsibilities as it relates to the Exempt Information or this Agreement, the CDD must require the third party to agree in writing that it is subject to, and must comply with, all terms of this Agreement and that it must protect the Exempt Information from disclosure. Such agreement by the third party must be signed before the CDD allows the third party to access any Exempt Information. The CDD acknowledges that such assumption by a third party shall not relieve the CDD from any obligations or responsibilities hereunder. Any failure by any third party shall not subject the Property Appraiser to any liability for any damage, injury, or claim that may arise. A failure of the CDD to comply with this section shall be a breach of this Agreement and therefore a termination of the Agreement without the notice requirement in section 9.

8.	Nothing in this Agreement, expressed or implied, is intended to: (a) confer upon any entity or person other than the parties and any permitted successors or assigns, any rights or remedies under or by reason of the Agreement as a third party beneficiary or otherwise except as specifically provided in this Agreement; or (b) authorize anyone not a party to this Agreement to maintain an action pursuant to or based upon this Agreement. Additionally, nothing herein shall be deemed to constitute a waiver of any rights under section 768.28 of the Florida Statutes, or as a waiver of the Property Appraiser's sovereign rights.

9.	Either party to this Agreement may terminate the Agreement with seven (7) days' written notice to the other party. The CDD's obligation to protect the Exempt Information from disclosure shall remain in full force and effect following the termination of the Agreement.

10.	The language agreed to herein expresses the mutual intent and agreement of the Property Appraiser and the CDD, and shall not, as a matter of judicial construction, be construed more severely against one of the parties from the other.
1.	

11.	Any notices to be given hereunder shall be in writing and shall be deemed to have been given if sent by hand delivery, recognized overnight courier (e.g., Federal Express), or by written certified U.S. main, with return receipt requested, addressed to the party for whom it is intended, at the place specified. The method of delivery shall be consistent among all of the persons listed herein. For the present, the CDD and Property Appraiser designate the following as the respective places for notice purposes:

Community Development District:	Homestead 50 CDD
5385 N. Nob Hill Road Sunrise, FL 33351

With a Copy to:

Property Appraiser:

With a Copy to:

District Counsel
Billing, Cochran, Lyles, Mauro & Ramsey, P.A. 515 East Las Olas Blvd., Sixth Floor
Fort Lauderdale, Florida 33301 Attn: Dennis E. Lyles, Esq.

Miami-Dade County
Office of the Property Appraiser
111 Northwest First Street, Suite 710
Miami, Florida 33128

Miami-Dade County Attorney's Office 111 Northwest First Street, Suite 2810
Miami, Florida 33128

IN WITNESS WHEREOF, the Homestead 50 Community Development District has caused this instrument to be executed by its respective officials thereunto duly authorized, this the day and year above written.

HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT

ATTEST:

By:	 		By:	 		
	Secretary/Assistant Secretary		Chairperson	

APPROVED AS TO LEGAL FORM	 	

AND CORRECTNESS:

MIAMI-DADE COUNTY PROPERTY APPRAISER

ATTEST:

CDD Attorney

By: 	_		 Property Appraiser/ Designee	Date

HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT
MIAMI-DADE COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA

TABLE OF CONTENTS

INDEPENDENT AUDITOR'S REPORT
MANAGEMENT'S DISCUSSION AND ANALYSIS BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements: Statement of Net Position
Statement of Activities Fund Financial Statements:
Balance Sheet - Governmental Funds
Reconciliation of the Balance Sheet - Governmental Funds to the Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Notes to the Financial Statements

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund
Notes to Required Supplementary Information

Page 1-2
3-6

7
8

9

10

11

12
13-21

22
23

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS	24-25
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	26
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	27-28

Grau&. Associates
CERTIFIED  PUBLIC ACCOUNTANTS

INDEPENDENT AUDITOR'S REPORT

951 Yamato Road• Suite 280 Boca Raton, Florida  33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

To the Board of Supervisors
Homestead 50 Community Development District Miami-Dade County, Florida

Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities and each major fund of Homestead 50 Community Development District, Miami-Dade County, Florida ("District") as of and for the fiscal year ended September 30, 2019, and the related notes to the financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or  error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes  evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the  financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2019, and the respective changes in financial position, thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial  statements,  is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted  of inquiries of management about the methods of preparing the information and  comparing  the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express  an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards,  we have also issued our report dated April 15, 2020, on our consideration of the District's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on  the effectiveness of the District's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control over financial reporting and compliance.

April 15, 2020

MANAGEMENT'S DISCUSSION AND ANALYSIS

Our discussion and analysis of Homestead 50 Community Development District, Miami-Dade County, Florida ("District") provides a narrative overview of the District's financial activities for the fiscal  year ended September 30, 2019. Please read it in conjunction with the District's Independent Auditor's Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

•	The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $4,037,334.

•	The change in the District's total net position in comparison with the prior fiscal year was ($12,724), a decrease. The key components of the District's net position and change in net position are reflected in the table in the government-wide financial analysis section.

•	At September 30, 2019, the District's governmental funds reported combined ending fund balances of $648,224, an increase of $33,834 in comparison with the prior fiscal year. The total fund balance is restricted for debt service, non-spendable for prepaid items, assigned to subsequent year's expenditures, and the remainder is unassigned fund balance  which  is available for spending at the District's discretion.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District's basic financial statements. The District's basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District's assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying  event giving rise to the change occurs, regardless  of the timing of related cash flows.  Thus, revenues  and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are  principally supported by assessments. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District's near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District's near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains two individual governmental funds. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund and debt service fund, which are both considered to be major funds.

The District adopts an annual appropriated budget for its general fund. A  budgetary  comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in  the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity's financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

Key components of the District's net position are reflected in the following table:

NErPOSmON SEPTEMBER 30,
 	2019	2018	
Current and other assets			$		649,807	$		617,691 Capital assets, net of depreciation		 			6,141,235			6,269,793 Total assets	 			6,791,042		6,887,484
Current liabilities	68,708	72,426
Long-term liabilities	 	2,685,000	2,765,000
Total liabilities	 	2,753,708	2,837,426 Net position
Net investment in capital assets	3,456,235	3,504,793 Restricted		330,937		305,199
Unrestricted	 		250,162		240,066 Total net position		 $  4,037,334	$  4,050,058 

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District's net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure); less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for  future spending. Although the District's investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

The restricted portion of the District's net position represents resources that are subject to external restrictions on how they may be used.

The District's net position decreased during the most recent fiscal year. The majority of the decrease represents the extent to which the cost of operations and depreciation expense exceeded ongoing program revenues.

Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSmoN
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
 	2019	2018	
Revenues:
Program revenues
Charges for services	$	346,919	$	346,709	
Operating grants and contributions	6,941	3,216	
General revenues
Unrestricted investment earnings	 	5,187	2,078 
Total revenues	 	359,047	352,003 Expenses:
General government	79,313	81,506	
Maintenance and operations	128,558	128,558	
Interest	 	163,900	168,525 	
Total expenses	 	371,771	378,589 	
Change in net position	 	(12,724)	(26,586)	
Net position - beginning	 	4,050,058	4,076,644 	
Net position - ending	   $   4,037,334	$ 4,050,058 	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2019 was $371,771. Program revenues are comprised primarily of assessments. The remainder of the current fiscal year revenue includes interest revenue. The majority of the change in expenses results from the decrease in interest. Based on the amortization schedule of the Bonds, as the balance outstanding of the Bonds decreases over time, the portion of each debt service payment allocated to principal increases accordingly thereby decreasing the amount allocated to interest.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes.  The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2019.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2019, the District had $7,716,071 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $1,574,836 has been taken, which resulted in a net book value of $6,141,235. More detailed information about the District's capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2019, the District had $2,685,000 in Bonds outstanding. More detailed information about the District's capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS

The District does not anticipate any major projects or significant changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is anticipated that the general operations of the District will remain fairly constant.

CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District's finances and to demonstrate the District's accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Homestead 50 Community Development District's Finance Department at 5385 N Nob Hill Road, Sunrise, Florida 33351.

HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA STATEMENT OF NET POSITION
SEPTEMBER 30, 2019

Governmental

	   Activities		
ASSETS		
Cash	$	37,154	
Investments	208,398	
Prepaid items	6,193	
Restricted assets:		
Investments	398,062	
Capital assets:		
Nondepreciable	3,926,833	
Depreciable	2,214,402	
Total assets	 	6,791,042	

LIABILITIES		
Accounts payable	1,583	
Accrued interest payable	67,125	
Non-current liabilities:		
Due within one year	85,000	
Due in more than one year	 	2,600,000	
Total liabilities	 	2,753,708	

NET POSITION		
Net investment in capital assets	3,456,235	
Restricted for debt service	330,937	
Unrestricted	 	250,162	
Total net position	   $	4,037,334 	

See notes to the financial statements

HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA
STATEMENT  OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Net (Expense) Revenue and Changes in Net
 	Program Revenues	Position	
Operating
Charges for	Grants and	Governmental

Functions/Programs Primary government:
Governmental activities: General government Maintenance and operations Interest on long-term debt
Total governmental activities

 	Expenses	Services	Contributions	Activities	

$	79,313	$	79,313	$	$
128,558	19,909	(108,649)
 	163,900	247,697	6,941	90,738 

 	371,771	346,919	6,941		(17,911)

General revenues:
Unrestricted investment earnings	5,187

Total general revenues	 	5,187 	
Change in net position	(12,724)	
Net position - beginning	4,050,058	
Net position - ending	   $	4,037,334 	

See notes to the financial statements

HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2019

Major Funds		Total Governmental
 General	Debt Service	Funds	
ASSETS
Cash	$	37,154	$	$	37,154
Investments	208,398	398,062	606,460
Prepaid items			6,193					6,193 Total assets	$ 	251,745	$	398,062	$	649,807

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$ 	1,583	$	$	1,583
Total liabilities	 	1,583	1,583

Fund balances:
Nonspendable:		
Prepaid items	6,193		6,193	
Restricted for:
Debt service		
398,062	
398,062	
Assigned to:				
Subsequent year's expenditures	24,662	24,662	
Unassigned	219,307	219,307	
Total fund balances		 	250,162		398,062		648,224 Total liabilities  and fund balances	$		251,745	$	398,062	$	649,807 

See notes to the financial statements

HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA
RECONCILIATION OF THE BALANCE SHEET- GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Fund balance - governmental funds
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of accumulated depreciation, in the assets of the government as a whole.
Cost of capital assets Accumulated depreciation
Liabilities not due and payable  from  current  available resources are not reported as liabilities in the  governmental fund financial statements. All liabilities, both current and long­ term, are reported in  the  government-wide  financial statements.

7,716,071
(1,574,836)

$	648,224

6,141,235

Accrued interest payable	(67,125)	
Bonds payable	 	(2,685,000)	(2,752,125) 	
Net position of governmental activities	$	4,037,334	

See notes to the financial statements

HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Major Funds		Total
Go1.ernmental
	 	General	Debt Ser\Ace	Funds		
REVENUES
Assessments	
$	99,222	$	247,697	$	346,919	
Interest	 	5,187	6,941	12,128 	
Total re1.enues	 	104,409	254,638	359,047 	

EXPENDITURES				
Current:
General go1.ernment	
79,313		
79,313	
Debt ser\Ace:
Principal		
80,000	
80,000	
Interest	 	165,900	165,900 	
Total expenditures	 	79,313	245,900	325,213 	
Excess (deficiency) of re1.enues		
01.er (under) expenditures	25,096	8,738	33,834	

OTHER FINANCING SOURCES (USES)				
Transfer in	15,000	15,000	
Transfer out	 	(15,000)		(15,000)	
Total other financing sources (uses)	(15,000)	15,000			

Net change in fund balances

10,096

23,738

33,834

Fund balances - beginning Fund balances - ending

 	240,066	374,324	614,390 

   $	250,162   $	398,062   $	648,224 

See notes to the financial statements

HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Net change in fund balances  - total governmental  funds Amounts reported for governmental activities in the statement of
activities are different because:
Depreciation on capital assets is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the statement of net  position  and  are eliminated in the statement of activities.
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the governmental fund financial statements.
Change in net position of governmental activities

$	33,834

(128,558)

80,000

 	2,000 
$	(12,724)

See notes to the financial statements

HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA
NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY

Homestead 50 Community Development District ("District") was created on October 6, 2006 by Ordinance No. 06-136 of the Board of County Commissioners of Miami-Dade County, Florida, pursuant to  the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue Bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purpose of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board") which is composed of five members. The District conducts general elections based on property owners within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2019, two of the Board members are affiliated with DR Horton and three other Board members are affiliated with SH Communities ("Developer affiliates").

The Board has the responsibility for:
1.	Assessing and levying assessments.
2.	Approving budgets.
3.	Exercising control over facilities and properties.
4.	Controlling the use of funds generated by the District.
5.	Approving the hiring and firing of key personnel.
6.	Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board ("GASS") Statements. Under the provisions of those standards, the financial reporting entity consists of  the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of  the  District; therefore, the financial statements include only the operations of the District.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment;  operating­  type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of  a particular function or segment. Other items not included among program  revenues  are reported instead  as general revenues.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments on benefitted property within the District. Operating and Maintenance Assessments are based upon adopted budget and levied annually at a public hearing of the District. Debt Service Assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection (Chapter 197.3632, Florida Statutes). Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by County Tax Collector on November 1 and due on  or before March  31 of each  year. Property owners may prepay a portion or all of the Debt Service Assessments on their property subject to various provisions in the Bond documents.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion  of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the government's policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Deposits and Investments
The District's cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

a)	The Local Government Surplus Trust Funds, or any intergovernmental  investment  pool authorized pursuant to the Florida lnterlocal Cooperation Act;
b)	Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
c)	Interest bearing time deposits or savings accounts in qualified public depositories;
d)	Direct obligations of the U.S. Treasury.

The State Board of Administration's ("SBA") Local Government Surplus Funds Trust Fund ("Florida PRIME") is a"2a-7 like" pool. A "2a-7 like" pool is an external investment  pool that is not registered with the Securities and Exchange Commission ("SEC") as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC's Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME  at amortized cost for financial reporting purposes.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial,  individual  cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially  extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets
Infrastructure - stormwater management and drainage system Infrastructure - street lighting

Years
30
20

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES {Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Capital Assets (Continued)
In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts  on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred  outflows  of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:

Committed fund balance - Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance - Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered  restricted nor committed.  The Board may also assign fund balance as it does when appropriating  fund balance to cover differences in estimated revenue and appropriations in the subsequent year's appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Fund Equity/Net Position (Continued)
Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements  are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted  net  position represents the assets restricted by the District's Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

Other Disclosures

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3 - BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual  Budget.  Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

a)	Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
b)	Public hearings are conducted to obtain comments.
c)	Prior to October 1, the budget is legally adopted by the District Board.
d)	All budget changes must be approved by the District Board.
e)	The budgets are adopted on a basis consistent with generally accepted accounting principles.
f)	Unused appropriation for annually budgeted funds lapse at the end of the year.

NOTE 4 - DEPOSITS AND INVESTMENTS

Deposits
The District's cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

NOTE 4 - DEPOSITS AND INVESTMENTS (Continued)

Investments
The District's investments were held as follows at September 30, 2019:

Maturities	Amortized Cost	Credit Risk

Fidelity Treasury Fund  #2016 Investment in Local Government Surplus

NIA
Weighted average of 37

$	398,062	S&PAAAm

Funds Trust Fund (Florida PRIME)

days

$	208,398
$	606,460

S&PAAAm

Credit risk - For investments, credit risk is generally the risk that an issuer of an investment  will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk- The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk - The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement - When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASS Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
"	Level  1:	Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
"	Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
•	Level 3: Investments whose inputs are unobservable.

The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool's participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District's investments have been reported at amortized cost above.

NOTE 4 - DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)
External Investment Pool - With regard to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that "The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment  Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48-hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days." With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made.

As of September 30, 2019, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant's daily access to 100% of their account value.

NOTE 5 - INTERFUND TRANSFERS

lnterfund transfers for the fiscal year ended September 30, 2019 were as follows:

Fund	Transfer in	Transfer out

General Fund Debt Service Fund
Total

$	$	15,000
 	15,000	
$	15,000    $	15,000

Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. The transfer occurred to replenish the debt service reserve account, in which funds were transferred from the general fund to the debt service fund.

NOTE 6 - CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2019 was as follows:

Beginning	Ending
 	Balance	Increases	Decreases	Balance 
Governmental activities
Capital assets, not being depreciated
Land and land improvements	$	273,808	$	$	$	273,808	
Infrastructure under construction	 	3,653,025	3,653,025	
Total capital assets, not being depreciated	 	3,926,833	3,926,833	
Capital assets, being depreciated		
Infrastructure - stormw ater management	3,654,238	3,654,238	
Infrastructure - street lighting	 	135,000	135,000	
Total capital assets, being depreciated	 	3,789,238	3,789,238	
Less accumulated depreciation for: Infrastructure - stormw ater management	

1,370,340	121,808	1,492,148	
Infrastructure - street lighting	 	75,938	6,750	82,688	
Total accumulated depreciation	 	1,446,278	128,558	1,574,836	
Governmental activities capital assets, net	    $  6,269,793	$	(128,558)    $	$ 6,141,235 	

Depreciation expense was charged to maintenance and operations.

The total cost of the project has been estimated at approximately $8.155 million. Pursuant to the Acquisition Agreement between the Developer and the District, the District paid the Developers for the acquisition of certain portions of the project constructed by or on behalf of the Developers. Proceeds of  the Series 2007 Bonds funded a portion of the total cost of the project. Any costs in excess of amounts available from Bond proceeds are to be provided by the Developers. In connection with this agreement, the Developers contributed $3.5 million of capital assets during a prior fiscal year. Construction on the project will be completed once the second lift of asphalt on the roadways and related work has been completed which has been estimated to cost approximately $280,000. The District has no funds in its Construction Account to pay for project costs. A portion of such costs is to be funded by the Developer. Certain improvements are expected to be conveyed to other governments upon completion of the project.

In connection with the 2007 project, if there are costs associated with the project that have not been paid from the Series 2007 Acquisition and Construction Account and which are identified by the issuer to the Trustee as having been advanced under the Acquisition Agreement, it may be determined that deferred costs exist. Upon completion of the project, certain funds available from the Bonds may be used to pay deferred costs, as outlined in the Bond Indenture. The 2007 project has not been completed and the District has not determined if a liability exists for deferred costs.

NOTE 7 - LONG TERM LIABILITIES

On August 1, 2007, the District issued $3,395,000 of Special Assessment Bonds, Series 2007A and
$1,515,000 of Special Assessment Bonds, Series 2007B. The Series 2007A Bonds are due May 1, 2037 with a fixed interest rate of 6%. The Series 2007B Bonds are due May 1, 2013 with a fixed interest rate of 5.9%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1.  The principal on the Series 2007A Bonds is to be paid serially on each May 1, commencing May 1, 2008. The principal on the Series 2007B Bonds was due in one lump sum on May 1, 2013.

The Series 2007A Bonds are subject to redemption at the option of the District prior to their maturity. The Series 2007B Bonds are not subject to optional redemption. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

NOTE 7 - LONG TERM LIABILITIES (Continued)

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2019.

Changes in long-term liability activity for the fiscal year ended September 30, 2019 were as follows:

Beginning	Ending	Due Within
 	Balance	Additions	Reductions	Balance	One Year 
Governmental activities
Series 2007A	$   2,765,000	$	$	80,000	$ 2,685,000	$	85,000

Total	 $   2,765,000	$	$	80,000	$  2,685,000	$	85,000 

At September 30, 2019, the scheduled debt service requirements on the long-term debt were as follows:

Year ending 	Governmental Activities	
Septerrber 30,	Principal	Interest	Total	
2020	$	85,000	$	161,100	$	246,100	
2021	90,000	156,000	246,000	
2022	95,000	150,600	245,600	
2023	100,000	144,900	244,900	
2024	110,000	138,900	248,900	
2025-2029	655,000	587,400	1,242,400	
2030-2034	880,000	366,000	1,246,000	
2035-2037	 	670,000	81,900	751,900
Total	 $  2,685,000	$   1,786,800	$   4,471,800 

NOTE 8- DEVELOPER TRANSACTIONS & CONCENTRATION

The Developer owns a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developer.

The District's activity is dependent upon the continued involvement of the Developer Landowner, the loss of which could have a material adverse effect on the District's operations.

NOTE 9 - MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management
·	company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE 10- RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.

HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Budgeted
 	Amounts	

Actual

Variance with Final Budget - Positive

   Original & Final	Amounts	(Negative)	

REVENUES
Assessments

$	98,784	$	99,222	$

438

Interest
Total revenues

 	5,187	5,187 
 	98,784	104,409	5,625 

EXPENDITURES
Current:
General government	

101,656	

79,313	

22,343	
Maintenance	 	12,000	12,000 	
Total expenditures	 	113,656	79,313	34,343 	
Excess (deficiency) of revenues		
over (under) expenditures	(14,872)	25,096	39,968	
OTHER FINANCING SOURCES
Carry forward	

29,872		

(29,872)	

lnterfund transfer out

(15,000)

(15,000)	

Total  other financing sources	 	14,872	(15,000)	(29,872)

Net change in fund balances Fund balance - beginning
Fund balance - ending

$	10,096

240,066

   $	250,162 

=$====1=0=,0=96=

See notes to required supplementary information

HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT MIAMI-DADE COUNTY, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District's budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual expenditures did not exceed appropriations for the fiscal year ended September 30, 2019.

Grau& Associates
CERTIFIED  PUBLIC ACCOUNTANTS

951 Yamato Road • Suite 280 Boca Raton, Florida  33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Homestead 50 Community Development District Miami-Dade County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Homestead 50 Community Development District, Miami-Dade County, Flor.ida ("District") as of and for the fiscal year ended September 30, 2019, and the related notes to the financial statements, which collectively comprise the District's basic financial statements, and have issued our opinion thereon dated April 15, 2020.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District's internal control. Accordingly, we do not express an opinion on the effectiveness of the District's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
Compliance and Other Matters
As part of obtaining reasonable assurance aboutwhether the District's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

April 15, 2020

Grau & Associates
CERTIFIED  PUBLIC ACCOUNTANTS

951 Yamato Road• Suite 280 Boca Raton, Florida  33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Homestead 50 Community Development District Miami-Dade County, Florida

We have examined Homestead 50 Community Development District, Miami-Dade County, Florida's ("District") compliance with the requirements of Section 218.415, Florida Statutes, in accordance  with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2019. Management is responsible for District's compliance with those requirements.  Our responsibility is to express an opinion on District's compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or  error.  We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District's compliance  with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2019.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Homestead 50 Community Development District, Miami­ Dade County, Florida and is not intended to be and should not be used by anyone other than these specified parties.
j)?4t,41,'  J-	..
April 15, 2020

Grau& Associates
CERTIFIED  PUBLIC ACCOUNTANTS

951 Yamato Road• Suite 280 Boca Raton, Florida  33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors
Homestead 50 Community Development District Miami-Dade County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Homestead 50  Community Development District, Miami-Dade County, Florida ("District") as of and for the fiscal year ended September 30, 2019, and have issued our report thereon dated April 15, 2020.

Auditor's Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters based on an audit of the financial statements performed in accordance with Government Auditing Standards; and Independent Accountant's Report on an  examination conducted in accordance with A/CPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated April 15, 2020, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

I.	Current year findings and recommendations.
II.	Status of prior year findings and recommendations.
Ill. Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Homestead 50 Community Development District, Miami-Dade County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Homestead 50 Community Development District, Miami-Dade County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

April 15, 2020

REPORT TO MANAGEMENT

I.	CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

II.	PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

Ill. COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor's report on compliance and internal controls, the management letter shall include, but not be limited to the following:

1.	A statement as to whether or not  corrective  actions  have  been  taken  to  address  findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2018.

2.	Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2019.

3.	Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2019.

4.	The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

5.	The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

6.	We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2019. It is management's responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.
1.	

NOTICE OF QUALIFYING PERIOD FOR CANDIDATES FOR THE BOARD OF SUPERVISORS  OF THE .
HOMESTEAD 50 COMMUNITY DEVELOPMENT DISTRICT
Notice is hereby given that the qualifying period for candidates for the office of Supervisor of the  Homestead  50  Community  Development  District  will  commence  at  noon on June  81    2020  and close at noon on June 12, 2020. Candidates must qualify for the office of Supervisor with the Miami - Dade Supervisor of Elections located at 2700 NW 87 Avenue, Dorat Florida 33172 and the telephone number is 305-499-8683 / 305-499-8410. All candidates shall qualify for individual seats in accordance with section 99.061, Florida Statutes, and must also be qualified electors of the District. A qualified elector is any person at least 18 years of age who is a citizen of the United States, a legal resident of the State of Florida and of the District, and who is registered to vote with the Miami-Dade County Supervisor of Elections. Campaigns shall be conducted in accordance with Chapter 106, Florida Statutes.

The Homestead 50 Community Development District has two seats up for election, specifically seat #3 and seat #4. Each seat carries a four-year term of office. Elections are nonpartisan and will be held at the same time as the general election on November 3, 2020, in the manner prescribed by law for general elections.

For additional information, please contact the Miami-Dade County Supervisor of Elections.

MIAM.

Elections 2700 NW 87th Avenue Miami, Florida 33172
T 305-499-8683  F 305-499-8547
TTY 305-499-8480

miamidade.gov

CERTIFICATION

STATE OF FLORIDA) COUNTY OF MIAMI-DADE)

I, Christina White, Supervisor of Elections of Miami-Dade County, Florida, do  hereby certify that Homestead 50, as described in the attached  LEGAL  DESCRIPTION,  has 348 voters.

WITNESS MY HAND AND OFFICIAL SEAL, AT MIAMI, MIAMI-DADE COUNTY, FLORIDA, ON THIS 7th DAY OF MAY, 2020

Christina White Supervisor of Elections

Please submit a check for $90.00 to our office payable to "Miami-Dade County" for the cost of certifying the number of registered voters.

Search for Financial Disclosure Filers

Search Results

In the table below, organization names are linked to coordinator contact information. Supervisor of Election and Commission on Ethics links display the relevant contact information.

Once we have logged in a Form 6, the status will contain the date received and the message "Form Available Soon!" When the Form 6 becomes available online, the Filing Requirement FulfiUed status will have a link to "View Form."

If you filed with the Commission or the Supervisor of Elections and no date appears in the "Filing Requirement Fulfilled" column, it  means either the Supervisor or Commission has not yet recorded  receipt of your form. Generally, forms are recorded within a few days of receipt. If you are concerned about the status of your form, please use the contact information under "Statutory Filing Requirement."

Section 112.31445, Florida Statutes, requires that all CE Form 6 Full and Public Disclosure of Financial Interests, other than those of judges and judges of compensation claims, be posted on line. Before being posted online, any information required by law to be maintained as confidential must be redacted. For persons other than those who have filed as candidates with the Department of State, this process may take up to five business days.

Your Search for" Homestead 50 Community Development District - Board of Supervisors " returned the following results:

Coordinator:
Rich Hans

Governmental Management Services 5385 N. Nob Hill Rd
Sunrise, FL, 33351
(954) 721-8681
rhans@gmssf.com

Narrow results to a particular suborg:
•	All Suborganlzations
•	Board of Supervisors
•	Employees
•	

Flier ID Form Year

Full Name

Organizations

Statutory Filing Requirement

Filing Requirement Fulfilled

Filing History

209704

2019	Aguirre, Alexander

Homestead 50 Community Development District-Board of Supervisors
•	Mayfair Community Development District (Brevard Co,)•Board of Supervisors

Form 1 with Miami-Dade County SOE

$ii Form Receipt Not Recorded

I View Fifing History I

88209

88048

249488

2019

2019

2019

Aguirre, Gerardo

Albertson,  K. Karl

Latchman  , Ravi

•	Homestead 50 Community Development District-Board of Supervisors
•	Mayfair Community Development District (Brevard Co,)•Board of Supervisors

•	Coral Keys Homes Community Development District-Board of Supervisors
A.H. at Turnpike South Community Development District ·Board of Supervisors
•	Homestead 50 Community Development District-Board of Supervisors
•	Oakland Park-Code Enforcement Board
•	Summerville Community Development District-Board of Supervisors

Homestead 50 Community Development District-Board of Supervisors
A.H. at Turnpike South Community Development District -Board of Supervisors
Summerville Community Development District-Board of Supervisors

Form 1 with Miami-Dade County SOE

Form 1 with Broward County SOE

Form 1 with Broward County SOE

&i Form Receipt Not Recorded

lt'.il 05/28/2020

fii Form Receipt Not Recorded

l View Filing History l

l View FIiing History I

I View Filing History l

l Search Again I

General Information about Filing Financial Disclosure

•	Brochure: A Guide to the Sunshine Amendment and Code of Ethics (PDF)
•	Financial Disclosure Laws
•	The Commission on Ethics Rules on Financial Disclosure
•	Forms and Detailed lnstn.ictions

For assistance with financial disclosure, you may wish to contact the Commission's Financial Disclosure Coordinator, Kimberly Holmes, at disclosure@leg.state.fl.us or (850) 488-7864, Address correspondence to P.O. Drawer 15709 Tallahassee, FL32317·5709.

Under Florida law, e-mail addresses are public records. If you do not want your e-mail address released in response to a public-records request, do not send electronic mall to this entity. Instead, contact this office by phone or in writing.

FINANCIAL  INTERESTSI

FORMl	STATEMENT OF	2019

Please print or type your name, mailing
address, agency name1 and position below:
LAST NAME -- FIRST NAME -- MIDDLE NAME :

MAILING  ADDRESS :

CITY:	ZIP:	COUNTY: NAME OF AGENCY :
NAME OF OFFICE OR POSITION HELD OR SOUGHT:

I	FOR OFFICE USE ONLY:

CHECK  ONLY IF  D CANDIDATE	OR	0	NEW EMPLOYEE OR APPOINTEE
**** THIS SECTION MUST BE COMPLETED ****
DISCLOSURE PERIOD:
THIS STATEMENT REFLECTS YOUR FINANCIAL INTERESTS FOR CALENDAR YEAR ENDING DECEMBER 31, 2019.

MANNER OF CALCULATING REPORTABLE INTERESTS:
FILERS HAVE THE OPTION OF USING REPORTING THRESHOLDS THAT ARE ABSOLUTE DOLLAR VALUES, WHICH REQUIRES FEWER CALCULATIONS, OR USING COMPARATIVE THRESHOLDS, WHICH ARE USUALLY BASED ON PERCENTAGE VALUES

□

(see instructions for further details). CHECK THE ONE YOU ARE USING (must check one):
□	COMPARATIVE (PERCENTAGE) THRESHOLDS	OR	DOLLAR VALUE THRESHOLDS
PART A -- PRIMARY SOURCES OF INCOME [Major sources of income to the reporting person - See instructions]
(If you have nothing to report, write "none" or "n/a")

NAME OF SOURCE	SOURCE'S	DESCRIPTION OF THE SOURCE'S	
OF INCOME	ADDRESS	PRINCIPAL BUSINESS ACTIVITY	

PART B -- SECONDARY SOURCES OF INCOME
[Major customers, clients, and other sources of income to businesses owned by the reporting person - See instructions]
(If you have nothing to report, write "none" or "n/a")

NAME OF	NAME OF MAJOR SOURCES	ADDRESS	PRINCIPAL BUSINESS	
BUSINESS ENTITY	OF BUSINESS' INCOME	OF SOURCE	ACTIVITY OF SOURCE	

PART C -- REAL PROPERTY [Land, buildings owned by the reporting person - See instructions]
(If you have nothing to report, write "none" or "n/a")

You are not limited to the space on the lines on this form. Attach additional sheets, if necessary.
FILING INSTRUCTIONS  for when
and where to file this form are located at the  bottom  of page 2.

INSTRUCTIONS on who must file this form and how to fill it out begin on page 3.

CE FORM 1 - Effective: January 1, 2020 lnccrporated by reference in Rule 34-8.202(1), F.A.C.

(Continued  on reverse side)	PAGE 1

PART D - INTANGIBLE PERSONAL PROPERTY [Stocks, bonds, certificates of deposit, etc. - See instructions]
(If you have nothing to report, write "none" or "n/a")
TYPE OF INTANGIBLE	BUSINESS ENTITY TO WHICH THE PROPERTY RELATES

PART E - LIABILITIES [Major debts - See instructions]
(If you have nothing to report, write "none" or "n/a")

NAME OF CREDITOR	ADDRESS OF CREDITOR

PART F - INTERESTS IN SPECIFIED BUSINESSES  [Ownership or positions  in certain types of businesses  - See instructions] (If you have nothing to report, write "none" or "n/a")

NAME OF BUSINESS ENTITY ADDRESS OF BUSINESS ENTITY PRINCIPAL BUSINESS ACTIVITY POSITION HELD WITH ENTITY
I OWN MORE THAN A 5% INTEREST IN THE BUSINESS NATURE OF MY OWNERSHIP INTEREST

BUSINESS ENTITY# 1

BUSINESS ENTITY# 2

PART G - TRAINING
For elected municipal officers required to complete annual ethics training pursuant to section 112.3142, F.S.
□	I CERTIFY THAT I HAVE COMPLETED THE REQUIRED TRAINING.
IF ANY OF PARTS A THROUGH G ARE CONTINUED ON A SEPARATE SHEET, PLEASE CHECK HERE   □
SIGNATURE OF FILER:	CPA or ATTORNEY  SIGNATURE ONLY
If a certified public accountant licensed under Chapter 473, or attorney

Signature:

Date Signed:

FILING INSTRUCTIONS:
If you were mailed the form by the Commission on Ethics or a County Supervisor of Elections for your annual disclosure filing, return the form to that location. To determine what category your position falls under, see page 3 of instructions.
Local  officers/employees  file  with   the   Supervisor   of  Elections of the county in which they permanently reside. (If you do not permanently reside in Florida, file with the Supervisor of the county where your agency has its headquarters.) Form  1  filers who  file with the Supervisor of Elections may file by mail or email. Contact your Supervisor of Elections for the mailing address or  email  address  to use. Do not email our form to the Commission on Ethics it will be returned.
State officers or specified state employees who file with the Commission on Ethics may file by mail or email. To  file  by mail, send the completed form to P.O. Drawer 15709, Tallahassee, FL 32317-5709; physical address: 325 John Knox Rd, Bldg E, Ste 200, Tallahassee, FL 32303. To file with the Commission by email, scan your completed form and any attachments as a pdf (do not use any other format), send it to CEForm1@leg.state.fl.us and retain a copy for your records. Do not file b both mail and email. Choose onl one filing method. Form 6s will not be accepted via email.

CE FORM 1 - Effective: January 1, 2020. Incorporated by reference in Rule 34-8.202(1), F.A.C.

in good standing with the Florida Bar prepared this form for you, he or she must complete the following statement:
I,	, prepared the CE
Form 1 in accordance with Section 112.3145, Florida Statutes, and the instructions to the form. Upon my reasonable knowledge and belief, the disclosure herein is true and correct.

CPA/Attorney Signature:

Date Signed:

Candidates file this form together with their filing papers.
MULTIPLE FILING UNNECESSARY: A candidate who files a Form 1 with a qualifying officer is not required to file with the Commission or Supervisor of Elections.
WHEN TO FILE: Initially, each local officer/employee, state officer, and specified state employee must file within 30 days of the date of his or her appointment or of the beginning of employment. Appointees who must be confirmed by the Senate must file prior to confirmation, even if that is less than 30 days from the date of their appointment.
Candidates must file at the same time they file their qualifying papers.
Thereafter, file by July 1 following each calendar year in which they hold their positions.
Finally, file a final disclosure form (Form 1F) within 60 days of leaving office or employment. Filing a CE Form 1F (Final Statement of Financial Interests) does not relieve the  filer of filing a CE Form 1 if the filer was in his or her position on December 31, 2019.

PAGE 2

NOTICE
Annual Statements of Financial Interests are due July 1. If the annual form is not filed or postmarked  by September  1, an automatic fine of $25 for each day late will be imposed, up to a maximum penalty of $1,500. Failure to file also can result in removal from public office or employment. [s. 112.3145, F.S.]

In addition, failure to make any required disclosure constitutes grounds for and may be punished by one or more of the following: disqualification from being on the ballot, impeachment, removal or suspension from office or employment, demotion, reduction in salary, reprimand, or a civil penalty not exceeding $10,000. [s. 112.317, F.S.]	
	
WHO MUST FILE FORM 1:	
1)	Elected public officials not serving in a political subdivision of the director of a county, municipality, or other political subdivision; county state and any person appointed to fill a vacancy in such office, unless or municipal attorney; chief county or municipal building inspector; required to file full disclosure on Form 6.	county or municipal water resources coordinator; county or municipal
2)	Appointed members of each board, commission,  authority,  pollution control director; county or municipal environmental control or council having statewide jurisdiction, excluding members of solely director; county or municipal administrator with power to grant or deny advisory bodies, but including judicial nominating commission members; a land development permit; chief of police; fire chief; municipal clerk; Directors of Enterprise Florida, Scripps Florida Funding Corporation, appointed district school superintendent; community college president; and Career Source Florida; and members of the Council on the Social district medical examiner; purchasing agent (regardless of title) having Status of Black Men and Boys; the Executive Director, Governors, the authority to make any purchase exceeding $35,000 for the local and senior managers of Citizens Property Insurance Corporation; governmental unit.
Governors and senior managers of Florida Workers' Compensation Joint		8)	Officers and employees of entities serving as chief administrative Underwriting Association; board members of the Northeast Fla. Regional	officer of a political subdivision.
Transportation Commission; board members of Triumph Gulf Coast, Inc;		9)	Members of governing boards of charter schools operated by a board members of Florida Is For Veterans, Inc.; and members of the	city or other public entity.
Technology Advisory Council within the Agency for State Technology.	10) Employees in the office of the Governor or of a Cabinet member
3)	The Commissioner of Education, members of the State Board	who are exempt from the Career Service System, excluding secretarial, of Education, the Board of Governors, the local Boards of Trustees and	clerical, and similar positions.
Presidents of state universities, and the Florida Prepaid College Board.	11) The following positions in each state department, commission,
4)	Persons elected to office in any political subdivision (such as board, or council: Secretary, Assistant or Deputy Secretary, Executive municipalities, counties, and special districts) and any person appointed  Director, Assistant or Deputy Executive Director, and anyone having the to fill a vacancy in such office, unless required to file Form 6.	power normally conferred upon such persons, regardless of title.
5)	Appointed members of the following boards, councils, 12) The following positions in each state department or division: commissions, authorities, or other bodies of county, municipality, school Director, Assistant or Deputy Director, Bureau Chief, and any person district, independent special district, or other political subdivision: the having the power normally conferred upon such persons, regardless of governing body of the subdivision; community college or junior college title.
district boards of trustees; boards having the power to enforce local code 13) Assistant State Attorneys, Assistant Public Defenders, criminal provisions; boards of adjustment; community redevelopment agencies; conflict and civil regional counsel, and assistant criminal conflict and civil planning or zoning boards having the power to recommend, create, or regional counsel, Public Counsel, full-time state employees serving as modify land planning or zoning within a political subdivision, except for counsel or assistant counsel to a state agency, administrative law judges, citizen advisory committees, technical coordinating committees, and and hearing officers.
similar groups who only have the power to make recommendations 14) The Superintendent or Director of a state mental health institute to planning or zoning boards, and except for representatives of a  established for training and research in the mental health field, or any military installation acting on behalf of all military installations within that major state institution or facility established for corrections, training, jurisdiction; pension or retirement boards empowered to invest pension treatment, or rehabilitation.
or retirement funds or determine entitlement to or amount of pensions or 15) State agency Business Managers, Finance and Accounting other retirement benefits, and the Pinellas County Construction Licensing Directors, Personnel Officers, Grant Coordinators, and purchasing Board.	agents (regardless of title) with power to make a purchase exceeding
6)	Any appointed member of a local government board who $35,000.
is required to file a statement of financial interests by the appointing		16) The following positions in legislative branch agencies: each authority or the enabling legislation, ordinance, or resolution creating the employee (other than those employed in maintenance, clerical, board.	secretarial, or similar positions and legislative assistants exempted
7)	Persons holding any of these positions in local government: by the presiding officer of their house); and each employee of the mayor; county or city manager; chief administrative employee or finance Commission on Ethics.	
INSTRUCTIONS FOR COMPLETING FORM 1:	
INTRODUCTORY INFORMATION (Top of Form): If your OFFICE OR POSITION HELD OR SOUGHT: The title of
name, mailing address, public agency, and position are already the office or position you hold, are seeking, or held during the printed on the form, you do not need to provide this information disclosure period even if you have since left that position. If you unless it should be changed. To change any of this information, are a candidate for office or are a new employee or appointee, write the correct information on the form, and contact your check the appropriate box.
agency's financial disclosure coordinator. You can find your PUBLIC RECORD: The disclosure form  and  everything  coordinator on the Commission on Ethics website: www.ethics. attached to it is a public record. Your Social Security Number state.fl.us.	is not required and you should redact it from any documents
NAME OF AGENCY: The name of the governmental unit you file. If you are an active or former officer or employee listed
which you serve or served, by which you are or were employed,   in Section 119.071, F.S., whose home address  is exempt from or for which you are a candidate.	disclosure, the Commission will maintain that confidentiality if DISCLOSURE PERIOD: The "disclosure period" for your you submit a written request.
report is the calendar year ending December 31, 2019.	
CE FORM 1 - Effective: January 1, 2020. Incorporated by reference in Rule 34-8.202, F.A.C.	PAGE3

MANNER OF CALCULATING REPORTABLE INTEREST
Filers have the option of reporting based on either thresholds that are comparative (usually, based on percentage values) or thresholds that are based on absolute dollar values. The instructions on the following pages specifically describe the different thresholds. Check the box that reflects the choice you have made. You must use the type of threshold you have chosen for each part of the form. In other words, if you choose to report based on absolute dollar value thresholds, you cannot use a percentage threshold on any part of the form.

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PART A - PRIMARY SOURCES OF INCOME
[Required bys. 112.3145(3)(b)1, F.S.]
Part A is intended to require the disclosure of your principal sources of income during the disclosure period. You do not have to disclose any public salary or public position(s). The income of your spouse need not be disclosed; however, if there is joint income to you and your spouse from property you own jointly (such as interest or dividends from a bank account or stocks), you should disclose the source of that income if it exceeded the threshold.
Please list in this part of the form the name, address, and principal business activity of each source of your income which exceeded $2,500 of gross income received by you in your own name or by any other person for your use or benefit.
"Gross income" means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.
Examples:
-	If you were employed by a company that manufactures computers and received more than $2,500, list the name of the company, its address, and its principal business activity (computer manufacturing).
-	If you were a partner in a law firm and your distributive share of partnership gross income exceeded $2,500, list the name of the firm, its address, and its principal business activity (practice of law).
-	If you were the sole proprietor of a retail gift business and your gross income from the business exceeded $2,500, list the name of the business, its address, and its principal business activity (retail gift sales).
-	If you received income from investments in stocks and bonds, list each individual company from which you derived more than
$2,500. Do not aggregate all of your investment income.
-	If more than $2,500 of your gross income was gain from the sale of property (not just the selling price), list as a source of income the purchaser's name, address and principal business activity. If the purchaser's identity is unknown, such as where securities listed on an exchange are sold through a brokerage firm, the source of income should be listed as "sale of (name of company) stock," for example.
-	If more than $2,500 of your gross income was in the form of interest from one particular financial institution (aggregating interest from all CD's, accounts, etc., at that institution), list the name of the institution, its address, and its principal business activity.
PART B - SECONDARY SOURCES OF INCOME
[Required bys. 112.3145(3)(b)2, F.S.]
This part is intended to require the disclosure of major customers, clients, and other sources of income to businesses in which you own an interest. It is not for reporting income from second jobs. That kind of income should be reported in Part A "Primary Sources of Income," if it meets the reporting threshold. You will not have anything to report unless, during the disclosure period:
(1)	
You owned (either directly or indirectly in the form of an equitable or beneficial interest) more than 5% of the total assets or capital stock of a business entity (a corporation, partnership, LLC, limited partnership, proprietorship, joint venture, trust, firm, etc., doing business in Florida); and,
(2)	You received more than $5,000 of your gross income during the disclosure period from that business entity.
If your interests and gross income exceeded these thresholds, then for that business entity you must list every source of income to the business entity which exceeded 10% of the business entity's gross income (computed on the basis of the business entity's most recently completed fiscal year), the source's address, and the source's principal business activity.
Examples:
-	You are the sole proprietor of a dry cleaning business, from which you received more than $5,000. If only one customer, a uniform rental company, provided more than 10% of your dry cleaning business, you must list the name of the uniform rental company, its address, and its principal business activity (uniform rentals).
-	You are a 20% partner in a partnership that owns a shopping mall and your partnership income exceeded the above thresholds. List each tenant of the mall that provided more than 10% of the partnership's gross income and the tenant's address and principal business activity.
PART C - REAL PROPERTY
[Required bys. 112.3145(3)(b)3, F.S.]
In this part, list the location or description of all real property in Florida in which you owned directly or indirectly at any time during the disclosure period in excess of 5% of the property's value. You are not required to list your residences. You should list any vacation homes if you derive income from them.
Indirect ownership includes situations where you are a beneficiary of a trust that owns the property, as well as situations where you own more than 5% of a partnership or corporation that owns the property. The value of the property may be determined by the most recently assessed value for tax purposes, in the absence of a more current appraisal.
The location or description of the property should be sufficient to enable anyone who looks at the form to identify the property. A street address should be used, if one exists.
PART □ - INTANGIBLE PERSONAL PROPERTY
[Required bys. 112.3145(3)(b)3, F.S.]
Describe any intangible personal property that, at any time during the disclosure period, was worth more than $10,000 and state the business entity to which the property related. Intangible personal property includes things such as cash on hand, stocks, bonds, certificates of deposit, vehicle leases, interests in businesses, beneficial interests in trusts, money owed you, Deferred Retirement Option Program (DROP) accounts, the Florida Prepaid College Plan, and bank accounts. Intangible personal property also includes investment products held in IRAs, brokerage accounts, and the Florida College Investment Plan. Note that the product contained in a brokerage account, IRA, or the Florida College Investment Plan is your asset-not the account or plan itself. Things like automobiles and houses you own, jewelry, and paintings are not intangible property. Intangibles relating to the same business entity may be aggregated; for example, CDs and savings accounts with the same bank. Property owned as tenants by the entirety or as joint tenants with right of survivorship should be valued at 100%. The value of a leased vehicle is the vehicle's present value minus the lease residual (a number found on the lease document).

CE FORM 1 - Effective: January 1, 2020. Incorporated by reference in Rule 34-8.202, F.A.C..	PAGE4

PART E - LIABILITIES
[Required bys. 112.3145(3)(b)4, F.S.]
List the name and address of each creditor to whom you owed more than $10,000 at any time during the disclosure period. The amount of the liability of a vehicle lease is the sum of any past-due payments and all unpaid prospective lease payments. You are not required to list the amount of any debt. You do not have to disclose credit card and retail installment accounts, taxes owed (unless reduced to a judgment), indebtedness on a life insurance policy owed to the company of issuance, or contingent liabilities. A "contingent liability" is one that will become an actual liability only when one or more future events occur or fail to occur, such as where you are liable only as a guarantor, surety, or endorser on a promissory note. If you are a "co-maker'' and are jointly liable or jointly and severally liable, then it is not a contingent liability.
PART F - INTERESTS IN SPECIFIED BUSINESSES
[Required bys. 112.3145(6), F.S.]
The types of businesses covered in this disclosure include: state and federally chartered banks; state and federal savings and loan associations; cemetery companies; insurance companies; mortgage companies; credit unions; small loan companies; alcoholic beverage licensees; pari-mutuel wagering companies, utility companies, entities controlled by the Public Service Commission; and entities granted a franchise to operate by either a city or a county government.

Disclose in this part the fact that you owned during the disclosure period an interest in, or held any of certain positions with the types of businesses listed above. You must make this disclosure if you own or owned (either directly or indirectly in the form of an equitable or beneficial interest) at any time during the disclosure period more than 5% of the total assets or capital stock of one of the types of business entities listed above. You also must complete this part of the form for each of these types of businesses for which you are, or were at any time during the disclosure period, an officer, director, partner, proprietor, or agent (other than a resident agent solely for service of process).
If you have or held such a position or ownership interest in one of these types of businesses, list the name of the business, its address and principal business activity, and the position held with the business (if any). If you own(ed) more than a 5% interest in the business, indicate that fact and describe the nature of your interest.
PART G - TRAINING CERTIFICATION
[Required bys. 112.3142, F.S.]
If you are a Constitutional or elected municipal officer whose service began before March 31 of the year for which you are filing, you are required to complete four hours of ethics training which addresses Article 11, Section 8 of the Florida Constitution, the Code of Ethics for Public Officers and Employees, and the public records and open meetings laws of the state. You are required to certify on this form that you have taken such training.
(End of Dollar Value Thresholds Instructions.)

- 

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PART A -	PRIMARY SOURCES OF INCOME
[Required bys. 112.3145(3)(a)1, F.S.]
Part A is intended to require the disclosure of your principal sources of income during the disclosure period. You do not have to disclose any public salary or public position(s), but income from these public sources should be included when calculating your gross income for the disclosure period. The income of your spouse need not be disclosed; however, if there is joint income to you and your spouse from property you own jointly (such as interest or dividends from a bank account or stocks), you should include all of that income when calculating your gross income and disclose the source of that income if it exceeded the threshold.
Please list in this part of the form the name, address, and principal business activity of each source of your income which exceeded 5% of the gross income received by you in your own name or by any other person for your benefit or use during the disclosure period.
"Gross income" means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.
Examples:
-	If you were employed by a company that manufactures computers and received more than 5% of your gross income from the company, list the name of the company, its address, and its principal business activity (computer manufacturing).
-	If you were a partner in a law firm and your distributive share of partnership gross income exceeded 5% of your gross income, then list the name of the firm, its address, and its principal business activity (practice of law).
-	If you were the sole proprietor of a retail gift business and your gross income from the business exceeded 5% of your total gross income, list the name of the business, its address, and its principal business activity (retail gift sales).
-	If you received income from investments in stocks and

more than 5% of your gross income. Do not aggregate all of your investment income.
-	If more than 5% of your gross income was gain from the sale of property (not just the selling price), list as a source of income the purchaser's name, address, and principal business activity. If the purchaser's identity is unknown, such as where securities listed on an exchange are sold through a brokerage firm, the source of income should be listed as "sale of (name of company) stock," for example.
-	If more than 5% of your gross income was in the form of interest from one particular financial institution (aggregating interest from all CD's, accounts, etc., at that institution), list the name of the institution, its address, and its principal business activity.
PART B - SECONDARY SOURCES OF INCOME
[Required bys. 112.3145(3)(a)2, F.S.]
This part is intended to require the disclosure of major customers, clients, and other sources of income to businesses in which you own an interest. It is not for reporting income from second jobs. That kind of income should be reported in Part A, "Primary Sources of Income," if it meets the reporting threshold. You will not have anything to report unless during the disclosure period:
(1)	You owned (either directly or indirectly in the form of an equitable or beneficial interest) more than 5% of the total assets or capital stock of a business entity (a corporation, partnership, LLC, limited partnership, proprietorship, joint venture, trust, firm, etc., doing business in Florida); and,
(2)	You received more than 10% of your gross income from that business entity; and,
(3)	You received more than $1,500 in gross income from that business entity.
If your interests and gross income exceeded these thresholds, then for that business entity you must list every source of income to the business entity which exceeded 10% of the business entity's gross income (computed on the basis of the business entity's most recently completed fiscal year), the source's address, and the source's principal business activity.

bonds
1

list each individual company from which you derived

Examples:
-	You are the sole proprietor of a dry cleaning business, from which you received more than 10% of your gross income-an amount that was more than $1,500. If only one customer, a uniform rental company, provided more than 10% of your dry cleaning business, you must list the name of the uniform rental company, its address, and its principal business activity (uniform rentals).
-	You are a 20% partner in a partnership that owns a shopping mall and your partnership income exceeded the thresholds listed above. You should list each tenant of the mall that provided more than 10% of the partnership's gross income, and the tenant's address and principal business activity.
PART C - REAL PROPERTY
[Required bys. 112.3145(3)(a)3, F.S.]
In this part, list the location or description of all real property in Florida in which you owned directly or indirectly at any time during the disclosure period in excess of 5% of the property's value. You are not required to list your residences. You should list any vacation homes, if you derive income from them.
Indirect ownership includes situations where you are a beneficiary of a trust that owns the property, as well as situations where you own more than 5% of a partnership or corporation that owns the property. The value of the property may be determined by the most recently assessed value for tax purposes, in the absence of a more current appraisal.
The location or description of the property should be sufficient to enable anyone who looks at the form to identify the property. A street address should be used, if one exists.
PART D - INTANGIBLE PERSONAL PROPERTY
[Required bys. 112.3145(3)(a)3, F.S.]
Describe any intangible personal property that, at any time during the disclosure period, was worth more than 10% of your total assets, and state the business entity to which the property related. Intangible personal property includes things such as cash on hand, stocks, bonds, certificates of .deposit, vehicle leases, interests in businesses, beneficial interests in trusts, money owed you, Deferred Retirement Option Program (DROP)  accounts,  the Florida Prepaid College Plan, and bank accounts. Intangible personal property also includes investment products held in IRAs, brokerage accounts, and the Florida College Investment Plan. Note that the groduct contained in a brokerage account, IRA. or the Florida College Investment Plan is your asset-not the account or glan itself. Things like automobiles and houses you own, jewelry, and paintings are not intangible property. Intangibles relating to the same business entity may be aggregated; for example, CD's and savings accounts with the same bank.
Calculations: To determine whether the intangible property exceeds 10% of your total assets, total the  fair market  value of all of your assets (including real property, intangible property, and tangible personal property such as jewelry, furniture, etc.). When making this calculation, do not subtract any liabilities (debts) that may relate to the property. Multiply the total figure by 10% to arrive at the disclosure threshold. List only the intangibles that exceed this threshold amount. The value of a leased vehicle is the vehicle's present value minus the lease residual (a number which can be found on the lease document). Property that is only jointly owned property should be valued according to the percentage of your joint ownership. Property owned as tenants by the entirety or as joint tenants with right of survivorship should be valued at 100%. None of your calculations or the value of the property have to be disclosed on the form.
Example: You own 50% of the stock of a small corporation that is worth $100,000, the estimated fair market value of your home and other property (bank accounts, automobile, furniture, etc.) is $200,000. As your total assets are worth
$250,000, you must disclose intangibles worth over $25,000. Since the value of the stock exceeds this threshold, you should list "stock" and the name of the corporation. If your accounts with a particular bank exceed $25,000, you should list "bank accounts" and bank's name.

PART E - LIABILITIES
[Required bys. 112.3145(3)(b)4, F.S.]
List the name and address of each creditor to whom you owed any amount that, at any time during the disclosure period, exceeded your net worth. You are not required to list the amount of any debt or your net worth. You do not have to disclose: credit card and retail installment accounts, taxes owed (unless reduced to a judgment), indebtedness on a life insurance policy owed to the company of issuance, or contingent liabilities. A "contingent liability"  is  one that will become an actual liability only when one or more future events occur or fail to occur, such as where you are liable only as a guarantor, surety, or endorser on a promissory note. If you are a "co-maker" and are jointly liable or jointly and severally liable, it is not a contingent liability.
Calculations: To determine whether the debt exceeds  your net worth, total all of your liabilities (including promissory notes, mortgages, credit card debts, judgments against you, etc.). The amount of the liability of a vehicle lease is the sum of any past-due payments and all unpaid prospective lease payments.  Subtract the sum total of your liabilities from the value  of all your  assets  as calculated above for Part D. This is your "net worth." List each creditor to whom your debt exceeded this amount unless it is one of the types of indebtedness listed in the paragraph above (credit card and retail installment accounts, etc.). Joint liabilities with others for which you are "jointly and severally liable," meaning that you may be liable for either your part or the whole of the obligation, should be included in your calculations at 100% of the amount owed.
Example: You owe $15,000 to a bank for student loans, $5,000 for credit card debts, and $60,000 (with spouse) to a savings and loan for a home mortgage. Your home (owned by you and your spouse) is worth $80,000 and your other property is worth
$20,000.  Since  your  net worth is $20,000 ($100,000   minus
$80,000), you must report only the name and address of the savings and loan.
PART F - INTERESTS IN SPECIFIED BUSINESSES
[Required bys. 112.3145, F.S.]
The types of businesses covered in this disclosure include: state and federally chartered banks; state and federal savings and loan associations; cemetery companies; insurance companies; mortgage companies; credit unions; small loan companies; alcoholic beverage licensees; pari-mutuel wagering companies, utility companies, entities controlled by the Public Service Commission; and entities granted a franchise to operate by either a city or a county government.
Disclose in this part the fact that you owned during the disclosure period an interest in, or held any of certain positions with, the types of  businesses  listed  above.  You  are  required to make this disclosure if you own or owned (either directly or indirectly in the form of an equitable or beneficial interest) at any time during the disclosure period more than 5% of the total assets or capital stock of one of the types of business entities listed above. You also must complete this part of the form for each of these types of businesses for which you are, or were at any time during the disclosure period, an officer, director, partner, proprietor, or agent (other than a resident agent solely for service of process).
If you have or held such a position or ownership interest in one of these types of businesses, list the name of the business, its address and principal business activity, and the position held with the business (if any). If you own(ed) more than a 5% interest in the business, indicate that fact and describe the nature of your interest.
PART G - TRAINING CERTIFICATION
[Required bys. 112.3142, F.S.]
If you are a Constitutional or elected municipal officer whose service began before March 31 of the year for which you are filing, you are required to complete four hours of ethics training which addresses Article II, Section 8 of the Florida Constitution, the Code of Ethics for Public Officers and Employees, and the public records and open meetings laws of the state. You are required to certify on this form that you have taken such training.
(End of Percentage Thresholds Instructions.)

Homestead 50
Community Development District

Check Run Summary - General Fund

April 9, 2020

IDate	Check Numbers	Amount	

12/13/2019	
656	
$ 101,368.53	
1/24/2020	657-661	$ 139,826.77	
2/12/2020	662-666	$	6,412.04	
2/24/2020	667	$	1,721.45	
3/3/2020	668-670	$	5,094.67	
3/23/2020	671-673	$	821.55	
5/6/2020	674-677	$ 12,673.48	
6/2/2020	678-683

Total	$ 10,696.37
$ 21a,s14.as I	

AP300R	YEAR-TO-DATE  ACCOUNTS  PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/02/20	PAGE	1
***    CHECK DATES 12/13/2019  - 06/02/2020 ***	HOMESTEAD 50 CDD
BANK A HOMESTEAD 50 - GF

CHECK DATE

VEND#	.....INVOICE.....
DATE	INVOICE

...EXPENSED TO... YRMO	DPT ACCT# SUB

SUBCLASS

VENDOR NAME

STATUS	AMOUNT	....CHECK.....
AMOUNT	#

12/13/19 00009	12/13/19 12132019 201912 300-20700-10200
TAX RECEIPTS FY2020

*	101,368.53

HOMESTEAD 50 CDD C/O UMB BANK

1/24/20 00003	11/30/19 159811	201911 310-51300-31500

101,368.53 000656
-   -   -   - -  -	- - - - - -
*	500.00

NOV 19 - ATTORNEY FEES

BILLING, COCHRAN, LYLES, MAURO

500.00 000657
- - - - - - - - - - - - - - -

1/24/20 00005	12/24/19

68769305 201912 310-51300-42000
DELIVERIES THRU 12/24/19

*	28.15

-	-	
19	-	
19	-	
19	-	
19	-	
19	-	
19	-	
19	-	
20	-	
20	-	
20	-	
20	-	
20	-	
20	-	
20	-	
20	-	

- - - - - - - - -

FEDEX
- - - - -

- - - - - - - - - -

28. 15 000658

1/24/20	00001	12/01/19	
		12/01/19	
		12/01/19	
		12/01/19	
		12/01/19	
		12/01/19	
		12/01/19	
		1/01/20	
		1/01/20	
		1/01/20	
		1/01/20	
		1/01/20	
		1/01/20	
		1/01/20	
		1/01/20	

1/24/20	
00009	
1/24/20	

	2,703.75		
*	83.33		
	416.67		
*	83.33		
	2.30		
*	16.20		
*	1,000.00		
	2,703.75		
*	83.33		
*	416.67		
	83.33		
*	17.50		
*	1.00		
	73.95		
	1,000.00		
		8,685.11	000659	
-	- -	- - -	- - -	- -	

232	201912 310-51300-34000
DEC	MGMT FEES
232	201912 310-51300-35100
DEC	COMPUTER TIME
232	201912 310-51300-31300
DEC	DISSEMINATION
232	201912 310-51300-49500
DEC	WEBSITE ADMIN
232	201912 310-51300-42000
DEC	POSTAGE
232	201912 310-51300-42500
DEC	COPIES/PRINTS
233	201912 320-57200-34000
DEC	FIELD SERVICE
234	202001 310-51300-34000
JAN	MGMT FEES
234	202001 310-51300-35100
JAN	COMPUTER TIME
234	202001 310-51300-31300
JAN	DISSEMINATION
234	202001 310-51300-49500
JAN	WEBSITE ADMIN
234	202001 310-51300-51000
JAN	OFFICE SUPPLIES
234	202001 310-51300-42000
JAN	POSTAGE
234	202001 310-51300-42500
JAN	COPIES/PRINTS
235	202001 320-57200-34000

JAN

FIELD SERVICES

GMS-SF, LLC

01242020 202001 300-20700-10200
TRANSFER OF TAX RECEIPTS
HOMESTEAD 50 CDD C/O UMB BANK

*	130,321.84

130,321.84 000660

HMSO	-HOMSTEAD 50- ACOOPER

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/02/20	PAGE	2
***    CHECK DATES 12/13/2019 - 06/02/2020 ***	HOMESTEAD 50 CDD
BANK A HOMESTEAD 50 - GF

CHECK	VEND#	.....INVOICE ........EXPENSED TO...		VENDOR NAME DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

STATUS	AMOUNT	....CHECK.....
AMOUNT	#

1/24/20 00024	12/17/19 712515	201911 310-51300-32300	*	291.67
NOV 19 - TRUSTEE FEES
UMB BANK, N.A.	291.67 000661

2/12/20	00026	1/27/20	

2/12/20	
00003	
12/31/19	

2/12/20	
00005	
2/04/20	

261014.2 202001 310-51300-31100
DEC 12/JAN 20 ENGIN SVCS

300.00

160295

BALLBE & ASSOCIATES

201912 310-51300-31500	1,500.00

300.00 000662

DEC 19 - ATTORNEY FEES

BILLING, COCHRAN, LYLES, MAURO

1,500.00 000663

69172370 202002 310-51300-42000
DELIVERIES THRU 02/04/20

30.44

-    -    -    -    -  -  -  -  -  -  -  -  -	- - - - - - - - - - -

FEDEX
- - - - - - - - - - - - - - - - -

30.44 000664

2/12/20 00001	2/01/20 236	202002 310-51300 34000	*
FEB 20 - MANAGEMENT FEES
2/01/20 236	202002 310-51300-35100	*
FEB 20 - COMPUTER TIME
2/01/20 236	202002 310-51300-31300	*
FEB 20 - DISSEMINATION
2/01/20 236	202002 310-51300-49500	*
FEB 20 - WEBSITE ADM
2/01/20 236	202002 310-51300-42000	*
FEB 20 - COPIES
2/01/20 237	202002 320-57200-34000	*
FEB 20 - FIELD SERVICES

2,703.75

83.33

416.67

83.33

2.85

1,000.00

GMS-SF, LLC

2/12/20	00024	1/21/20	

2/21/20	
00009	
2/21/20	

3/03/20	
00003	
1/31/20	

3/03/20	
00001	
3/01/20	
		3/01/20	

-   -   -   -   -   -   -   -     -     -     -  -  -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
721327	201912 310-51300-32300	*
DEC 19 - TRUSTEE FEES

291.67

4,289.93 000665

UMB BANK, N.A.

02212020 202002 300-20700-10200
TRANSFER OF TAX RECEIPTS

1,721.45

291.67 000666

160713

HOMESTEAD 50 CDD C/O UMB BANK

202001 310-51300-31500

500.00

1,721.45 000667

JAN 20 - ATTORNEY FEES
BILLING, COCHRAN, LYLES, MAURO	500.00 000668

238

202003 310-51300-34000

2,703.75

MAR 20 - MGMT FEES
238	202003 310-51300-35100
MAR 20 - COMPUTER TIME

83.33

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 12/13/2019  - 06/02/2020 ***	HOMESTEAD 50 COD
BANK A HOMESTEAD 50 - GF

RUN	6/02/20	PAGE	3

CHECK	VEND#	.....INVOICE........EXPENSED TO...	VENDOR NAME

DATE		DATE

3/01/20	
		3/01/20	
		3/01/20	
		3/01/20	
		3/01/20	
		3/01/20	

3/03/20	
00024	
2/19/20	

3/23/20	
00003	
2/29/20	

3/23/20	
00005	
3/03/20	

3/23/20	
00024	
3/17/20	

INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

238	202003 310-51300-31300
MAR 20 -   DISSEMINATION

STATUS	AMOUNT	....CHECK.....
AMOUNT	#

416.67

238
MAR 20

202003 310-51300-49500
- WEBSITE ADMIN

*	83.33

238	202003 310-51300-42000
MAR 20 - POSTAGE
238	202003 310-51300-42500
MAR 20 - COPIES
238	202003 310-51300-41000
MAR 20 - TELEPHONE
239	202003 320-57200-34000
MAR 20 - FIELD SERVICES

*	2.50
*	.75
12.67

*	1,000.00

728827

GMS-SF, LLC

202001 310-51300-32300	291.67

4,303.00 000669

JAN 20 - TRUSTEE FEES
UMB BANK, N.A.	291.67 000670

161245	202002 310-51300-31500	500.00

FEB 20 - ATTORNEY FEES

BILLING, COCHRAN, LYLES, MAURO

500.00 000671

69458232 202002 310 51300-42000
DELIVERIES THRU 2/24/20

29.88

736204

FEDEX

202002 310-51300-32300	*	291.67

29.88 000672

FEB 20 - TRUSTEE FEES
UMB BANK, N.A.	291.67 000673

5/06/20 00003

3/31/20 161821	202003 310-51300-31500	*	500.00

MAR 20 - ATTORNEY FEES

BILLING, COCHRAN, LYLES, MAURO

500.00 000674

-   -   -     -     -   -   -   -   -   -   - -    -	-   -   -   -     -  -  -	-     -  -  -	-     -   -   -   -   -  -  -	- - - -
5/06/20 00001	4/01/20 240	202004 310-51300-34000	*
APR 20 - MGMT FEES
4/01/20 240	202004 310-51300-35100	*
APR 20 - COMPUTER TIME

2,703.75

83.33

4/01/20 240
APR 20

202004 310-51300-31300	*

-

DISSEMINATION

416.67

4/01/20 240	202004 310-51300-49500	*
APR 20 - WEBSITE ADMIN
4/01/20 240	202004 310-51300-42000	*
APR 20 - POSTAGE

83.33

1.00

4/01/20 241
APR 20

202004 320-57200-34000	*

-

FIELD SERVICES

1,000.00

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***   CHECK DATES 12/13/2019 -  06/02/2020 ***	HOMESTEAD 50 CDD
BANK A HOMESTEAD 50 - GF

RUN	6/02/20	PAGE	4

CHECK DATE	VEND#	

5/06/20	

00012	

5/06/20	
00024	

6/02/20	
00004	

.....INVOICE..... ...EXPENSED TO...		VENDOR NAME DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS

. 5/01/20 242	202005 310-51300-34000
MAY 20 - MGMT FEES
5/01/20 242	202005 310-51300-35100
MAY 20 - COMPUTER TIME
5/01/20 242	202005 310-51300-31300
MAY 20 - DISSEMINATION
5/01/20 242	202005 310-51300-49500
MAY 20 - WEBSITE ADMIN
5/01/20 242	202005 310-51300-42000
MAY 20 - POSTAGE
5/01/20 242	202005 310-51300-42500
MAY 20 - COPIES
5/01/20 243	202005 320-57200-34000
MAY 20 - FIELD SERVICES

STATUS	AMOUNT	....CHECK.....
AMOUNT	#

2,703.75

83.33

*	416.67
*	83.33
2.00

*	4.65
1,000.00

GMS-SF, LLC

4/02/20 19366	202004 310-51300-32200
AUDIT FYE 09/30/2019

*	3,300.00

8,581.81 000675

4/20/20 744700

GRAU AND ASSOCIATES

202003 310-51300-32300	291.67

3,300.00 000676

MAR 20 - TRUSTEE FEES
UMB BANK, N.A.	291.67 000677

5/01/20 467787-0 202005 310-51300-48000
NOTICE OF MEETING DATES

*	62.38

6/02/20	00003	4/30/20	

- -	
- - - - - -	

-	
- - - -	
6/02/20 00001	6/01/20	
	6/01/20	
	6/01/20	
	6/01/20	
	6/01/20	
	6/01/20	
	6/01/20	

162224

ALM MEDIA, LLC

500.00

, COCHRAN, LYLES, MAURO	500.00 000679	
				2,703.75			
				83.33			
				416.67			
			*	83.33			
			*	1.50			
			*	.30			
				1,000.00			
LLC					4,288.88	000680	

202004 310-51300-31500

62.38 000678

APR 20 - ATTORNEY FEES
BILLING

244
JUN 20
244
JUN 20
244
JUN 20
244
JUN 20
244
JUN 20
244
JUN 20
245
JUN 20

202006 310-51300-31500
-	MGMT FEES
202006 310-51300-35100
-	COMPUTER TIME
202006 310-51300-31300
-	DISSEMINATION
202006 310-51300-49500
-	WEBSITE ADMIN
202006 310-51300-42000
-	POSTAGE
202006 310-51300-42500
-	COPIES
202006 320-57200-34000
-	FIELD SERVICES
-	
GMS-SF,

HMSO	-HOMSTEAD  50- ACOOPER

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
***    CHECK DATES 12/13/2019 - 06/02/2020 ***	HOMESTEAD 50 CDD
BANK A HOMESTEAD 50 - GF

RUN	6/02/20	PAGE	5

CHECK DATE	VEND#	.....INVOICE.....
DATE	INVOICE	...EXPENSED TO...
YRMO	DPT ACCT# SUB	SUBCLASS	VENDOR	NAME	STATUS	AMOUNT	....CHECK.....
AMOUNT	#	

6/02/20	
00009	
6/02/20	
06022020	
202006 300-20700-10200	
5,463.44	

TRANSFER OF TAX RECEIPTS

HOMESTEAD 50 CDD C/O UMB BANK

5,463.44 000681

6/02/20 00017

5/07/20 VOTERS	202005 310-51300-49000 # OF REGISTERED VOTERS

90.00

6/02/20 00024

5/18/20 752677

MIAMI-DADE COUNTY ELECTIONS DEPT

202004 310-51300-32300	*	291.67

90.00 000682

APR 20 - TRUSTEE FEES
UMB BANK, N.A.	291.67 000683

TOTAL FOR BANK A TOTAL FOR REGISTER

278,614.86

278,614.86

HMSO	-HOMSTEAD 50- ACOOPER

Homestead 50
Community Development District Tax Collections
FYE 9/30/2020
	300.36300.10000 300.20700.10200
$	103,983.00    $	259,658.16    $	363,641.16	
	General	Debt	Total	
Date	Gross Tax	Discounts/	Commissions	Interest	Net Amount	Fund	Service Fund		
Received	Received	Penalties			Received	28.59%	71.41%	100.00%	

11/14/2019	
$	673.93	
$	35.38	
$	6.39	
$	
$	632.16	
$	180.77	
$	451.39	
$	632.16	
11/15/2019	$	7,753.36	$	310.14	$	74.43	$	$	7,368.79	$	2,107.10	$	5,261.69	$	7,368.79	
11/27/2019	$	2,777.44	$	111.10	$	26.66	$	$	2,639.68	$	754.82	$	1,884.86	$	2,639.68	
12/6/2019	$ 138,175.68	$	1,326.49	$	5,527.14	$	$	131,322.05	$	37,551.47	$	93,770.58	$	131,322.05	
12/19/2019	$ 190,575.36	$	7,623.09	$	1,829.52	$	$	181,122.75	$	51,791.96	$	129,330.79	$	181,122.75	
1/8/2020	$	357.40	$	10.72	$	3.47	$	$	343.21	$	98.14	$	245.07	$	343.21	
1/8/2020	$	1,099.24	$	43.97	$	10.55	$	$	1,044.72	$	298.74	$	745.98	$	1,044.72	
1/23/2020	$	$	$	$	218.85	$	218.85	$	218.85	$	$	218.85	
2/5/2020	$	2,487.96	$	49.76	$	24.38	$	$	2,413.82	$	690.23	$	1,723.59	$	2,413.82	
3/5/2020	$	2,777.44	$	27.78	$	27.50	$	$	2,722.16	$	778.40	$	1,943.76	$	2,722.16	
4/7/2020	$	3,876.68	$	$	38.76	$	$	3,837.92	$	1,097.45	$	2,740.47	$	3,837.92	
4/22/2020	$	$	$	$	6.63	$	6.63	$	6.63	$	$	6.63	
5/6/2020	$	1,099.24	$	$	10.99	$	$	1,088.25	$	311.18	$	777.07	$	1,088.25	
	$
$
$	$	$	$
$	$	$
$	$	$	
TOTALS     $351,653.73    $	9,538.43   $	7,579.79    $	225.48    $	334,760.99    $	95,885.73    $	238,875.26   $	334,760.99
96.70%

YTD gross collections	$	100,555.20	$	251,098.53	$	351,653.73	
Remaining gross to collect	$	3,427.80	$	8,559.63	$	11,987.43	
Commissions I	$	2,167.44	$	5,412.35	$	7,579.79	
Discount/Penalties	$	2,727.51	$	6,810.92	$	9,538.43	
Interest	$	64.48	$	161.00	$	225.48	
YTD Net Collections	$	95,724.73	$	239,036.26	$	334,760.99	

	To Debt Service	V#s 001.300.20100.10200	
Check	Date	Amount	
#656	12/13/2019	$	101,368.53	
#660	1/24/2020	$	130,321.84	
#667	2/21/2020	$	1,721.45	
#681	6/2/2020	$	5,463.44	
		$	238,875.26	

Homestead 50
COMMUNITY DEVELOPMENT DISTRICT
COMBINED BALANCE SHEET
May 31, 2020

Governmental  Fund T 1,1es	Totals
Debt	(Memorandum Only)
 	General	Service	2020	

ASSETS:		
Cash	$85,833		$85,833	
Investments: State Board	
$210,567		
$210,567	
Reserve A		$244,780	$244,780	
Revenue A		$143,039	$143,039	
Due from General Fund		$5,463	$5,463	
TOTAL ASSETS	$296,401	$393,282	$689,682	

LIABILITIES:		
Accounts Payable	$944		$944	
Due to Debt Service	$5,463		$5,463	
FUND BALANCES:				
Unassigned for Debt Service		$393,282	$393,282	
Unassigned	 	$289,993	$289,993	

TOTAL LIABILITIES & FUND BALANCES	
$296,401	
$393,282	
$689,682	

HOMESTEAD 50
COMMUNITY  DEVELOPMENT DISTRICT

General Fund
Statement of Revenues, Expenditures, & Changes in Fund Balances
For the Period Ended May 31, 2020

ADOPTED	PRORATED BUDGET	ACTUAL
Description	BUDGET	THRU 05/31/20	THRU 05/31/20	VARIANCE

Revenue	

Maintenance Assessments	$98,784	$98,784	$95,886	($2,898)	
Interest Income	$0	$0	$2,169	$2,169	
Total Income	$98,784	$98,784	$98,055	($729)	

Exgenditures					
Administrative						
Engineering	$2,500	$1,667	$300	$1,367	
Dissemination	$5,000	$3,333	$3,333	($0)	
Assessment Roll	$6,500	$6,500	$6,500	$0	
Attorney Fees	$17,500	$11,667	$4,550	$7,117	
Annual Audit	$3,200	$3,200	$3,300	($100)	
Trustee Fees	$3,500	$2,333	$2,042	$292	
Management Fees	$32,445	$21,630	$21,630	$0	
Computer Time	$1,000	$667	$667	$0	
Telephone	$100	$67	$13	$54	
Postage	$250	$167	$103	$64	
Printing & Binding	$350	$233	$114	$120	
Insurance	$6,646	$6,646	$6,193	$453	
Legal Advertising	$1,000	$667	$62	$604	
Other Current Charges	$500	$300	$555	($255)	
Website Compliance	$1,000	$667	$667	$0	
Office Supplies	$250	$167	$21	$146	
Dues, Licenses & Subscriptions	$175	$175	$175	$0	
Capital Outlay	$250	$167	$0	$167	
1st Quarter Operating	$20,135	$13,423	$0	$13,423	
Total Administrative	$102,301	$73,674	$50,224	$23,451	

Field					
Facility Management	$12,000	$8,000	$8,000	$0	
Total Field	$12,000	$8,000	$8,000	$0	
					
Total Expenditures	$114,301	$73,674	$58,224	$23,451	

Excess (deficiency) of revenues					
over (under) expenditures	($15,517)	$25,110	$39,831	$22,722	

Other Financing Sources/{Uses)					
lnterfund Transfer ln/(Out)	($9,145)	$0	$0	$0	

Total Other Financing	
 					
Sourcesl(Uses)	($9,145)	$0	$0	$0	

Net change in fund balance	
($24,662)	
$25,110	
$39,831	
$22,722	

Fund Balance - Beginning	
$191,712		
$250,162		
Fund Balance - Ending	 	$167,050 		 	$289,993			

Homestead 50
COMMUNITY  DEVELOPMENT DISTRICT

DEBT SERVICE FUND
Statement of Revenues, Expenditures
& Changes  in Fund Balances For the Period Ended May 31, 2020

REVENUES:	ADOPTED
 	BUDGET			PRORATED
 THRU 05/31/20		ACTUAL
 THRU 05/31/20		
     VARIANCE		
Special Assessments - A	$246,675		$246,675		$238,875		($7,800)	
Interest Income	$1,100		$1,100		$2,444		$1,344	

TOTAL REVENUES	 $247,775	$247,775	$241,319	($6,456)

EXPENDITURES:		
Series A		
Interest Expense - 11/1	$80,550	$80,550	$80,550	$0	
Interest Expense - 05/1	$80,550	$80,550	$80,550	$0	
Principal Expense - 05/1	$85,000	$85,000	$85,000	$0	

TOTAL EXPENDITURES	 $246,100	$246,100	$246,100	$0 	

Excess (deficiency) of revenues over (under) expenditures	

$1,675	

$1,675	

($4,781}	

($6,456}	
OTHER FINANCIAL SOURCES/(USES):					
lnterfund Transfer ln/(Out)	$9,145	$0	$0	$0	
Reserve Replenishment	($9,145)	$0	$0	$0	
TOTAL OTHER SOURCES	 	$0	$0	$0	$0 	

Net change in fund balance	
$1,675	
$1,675	
($4,781)	
($6,456}	
FUND BALANCE - Beginning	$155,499		$398,063		
FUND BALANCE - Ending	$157,174		$393,282		

HOMESTEAD 50
COMMUNITY  DEVELOPMENT DISTRICT

Bond Issue:
Original Issue Amount: Interest Rate:
Maturity Date:
Reserve Fund Requirement:

Bonds outstanding - 9/30/13

Series 2007A Special Assessment Bonds
$3,395,000 6.00%
May 1, 2037
Lesser of:
(i)	Max Annual Debt Service for Bonds Outstanding
(ii)	125% of Average Debt Service for Bonds Outstanding
(iii)	10% of Original proceeds

$3,105,000

Less:	11/1/2013	$0	
	5/1/2014	($60,000)	
	5/1/2015	($65,000)	
	5/1/2016	($70,000)	
	5/1/2017	($70,000)	
	5/1/2018	($75,000)	
	5/1/2019	($80,000)	
	5/1/2020	($80,000)	

Current Bonds Outstanding:	$2,605,000